GTB, Dangote Sugar, Zenith lead N45 billion rout as Nigerian stocks slide further

Nigerian stocks tapered further on Monday as the benchmark index shed 0.22 per cent, with the most capitalised bank in Africa’s biggest economy GTB accounting the most for the slide ahead of its earnings release due on Tuesday.The consumer goods index eased 1.52 per cent to 531.

gained 9.73 per cent to close at N6.20. Smart Products Nigeria rose by 8.33 per cent to N0.26. NEM leapt to N2.19, notching up 7.88 per cent in the process. Berger completed the top 5, climbing up by 7.44 per cent to N6.50.Regal Insurance topped the losers’ table, declining by 9.09 per cent to close at N0.30. Livestock shrank by 9.50 per cent to end the day at N1.83. Nigerian Breweries tumbled to N47, losing 5.34 per cent. Lasaco dipped to N1.24, recording 4.62 per cent loss.

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