Nigerian stocks receded further on Monday, dipping 0.10 per cent in a retreat led by GTB and Access Bank, Nigeria’s most capitalised bank and Nigeria’s biggest lender by asset respectively.
The insurance index declined 0.75 per cent to 201.86 basis points, the worst performer of the 5 sectorial indexes tracked by the bourse, also aiding loss A negative market breadth was recorded as 19 losers emerged against 18 gainers. The benchmark index dipped by 34.69 points to 38,287.58. The market capitalisation contracted to N19.956 trillion at the end of today’s trade. Year to date, the index is up by 4.92 per cent.Royal Exchange led gainers, growing by 9.68 per cent to close at N0.68. Regal Insurance gained 8.82 per cent to close at N0.37. Consolidated Hallmark rose by 7.84 per cent to N0.55. Sovereign Trust leapt to N0.28, notching up 7.