Return on Nigerian stocks negative after bank shares sell-offs

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Return on Nigerian stocks negative after bank shares sell-offs
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The Banking Index – the day’s worst performer of the five sectoral indices – contracted by 2.60 per cent to 372.85 index points.

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against 10 advancers. The All Share Index declined to 40,212.19 index points and market capitalisation to N21.037 trillion.RT Briscoe led gainers, appreciating by 10% to close at N0.22. Cornerstone went up 8.47% to N0.64. Royal Exchange rose to N0.27, notching up 8% in the process.

added 6.51% to end today’s trade at N2.29. Niger Insurance completed the top 5, climbing by 4.55% to N0.23.UPL was the worst-performing stock, declining by 9.09% to close at N1.20. Chams shed 8.33% to close at N0.22. fell to N5.35, losing 7.76%. Multiverse slid to N0.24, recording 7.69% depreciation. Japaul closed at N0.68, going down by 5.56%.

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