Nigerian stocks halt advance amid bank shares sell-off

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Traders dumped hefty volumes of shares in Zenith, GTCO, UBA and Seplat for sale, which outweighed the quantity that investors...

Traders dumped hefty volumes of shares in Zenith, GTCO, UBA and Seplat for sale, which outweighed the quantity that investors were willing to buy, triggering the slide.Nigerian stocks dipped 0.18 per cent on Friday, capping a week with a mixed bag of performances with a 57 per cent improvement in trade volume, compared with that of the previous session., GTCO, UBA and Seplat for sale, which outweighed the quantity that investors were willing to buy, triggering the slide.

The all-share index eased by 84.04 points to 47,202.30 points, while market capitalisation dropped to N25.4 trillion.Guinness led gainers, appreciating by 10 per cent to close at N60.50. NCR added 10 per cent to end trade at N3.30. SCOA advanced 9.88 per cent to N1.78. RT Briscoe rose to N0.39, notching up 8.33 per cent in the process. Lasaco completed the top 5, climbing up by 5.66 per cent to N1.12.Pharma Deko topped losers, depreciating by 8.84 per cent to close at N1.65. NEM shed 6.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigerian stocks power higher amid buy pressure on sector giantsThe size of trade shrank by as much as 33 per cent.
Source: PremiumTimesng - 🏆 3. / 78 Read more »