Nigerian stocks slide N122bn on investors’ risk-off mood

retreated 0.60 per cent on Thursday as investor confidence waned and the size of shares sold outweighed those bought.The industrial goods index was worst affected by the slide, going down 1.70 per cent to 1,923.83 points.The all-share index was down by 234.08 points to 38,697.17 points, while market capitalisation slipped to N20.247 trillion.SMURFIT Feed led gainers, appreciating by 10 per cent to close at N0.22. International Breweries climbed up by 9.89 per cent to N5.

In all, 169.354 million shares valued at N2.120 billion were traded in 3,568 deals, reflecting 54 per cent liquidity drop.

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