Nov. 4 (Bloomberg) -- Nigeria’s benchmark All-Share Index fell 60.71, or 0.29 percent, to 21,202.59, according to data obtained from the Nigerian Stock Exchange’s Web site.

Flour Mills of Nigeria Plc (FLOURMIL NL), a miller that also produces fertilizer and sells cement, fell by the daily limit, shedding 1.87 naira, or 5 percent, to 35.65 naira.

“After its result two weeks ago it has had a great run,” said Akinbamidele Akintola, an analyst with Renaissance Capital brokerage in Lagos. “It’s time to take profit.”

Ecobank Nigeria Plc (ECOBANK NL), the Nigerian unit of Ecobank Transnational Inc., fell 0.92 naira or 5 percent, to 17.67 naira. The lender posted a third-quarter loss yesterday after setting aside 33.4 billion naira ($220.8 million) as provision for loan losses.

The loss in the three months through September was 8.28 billion naira, compared with a profit of 5.17 billion naira a year earlier, Ecobank Nigeria Plc said in a statement on the Web site of the Nigerian Stock Exchange. Revenue climbed to 45.1 billion naira from 38.8 billion naira, it said.

To contact the reporter on this story: Dulue Mbachu in Lagos at dmbachu@bloomberg.net.

Last Updated: November 4, 2009 11:53 EST