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Nigerian stocks deepen loss amid investors’ reluctance to hold bank shares

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The all-share index dropped 21.16 points.

Transcorp Hotel led gainers, appreciating by 10 per cent to close at N4.95. Pharma Deko added 9.88 per cent to end today’s trade at N1.78. Conoil went up by 9.84 per cent to N24.55.

Cornerstone rose to N0.53, notching up 8.16 per cent in the process. NEM completed the top 5, climbing by 5.26 per cent to N2.Veritas was the worst performing stock, declining by 8.70 per cent to close at N0.21. UCAP fell to N8.55, losing 5 per cent. Chams dipped to N0.21, recording 4.55 per cent depreciation. Access shed 3.37 per cent to close at N8.60. Japaul closed at N0.46, going down by 2.13 per cent.Universal Insurance was the most active stock with 19 million units of its shares worth N3.

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