Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn at the end of the trading session on Thursday as oil and gas and banking stocks fell.
“The market decline was on the back of sell-off in Nigerian Breweries Plc, Seplat Energy Plc and some other market bellwethers,” said analysts at Atlas Portfolios Limited. A total of 266.12 million shares valued at N4.22bn were exchanged in 3,905 deals on Thursday, compared to 243.19 million shares valued at N3.75bn in 3,777 deals the previous day.
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Nigerian stocks shed N71 billion in broad-based retreatNigerian Breweries, Seplat and GTCO, helped set the slide in motion.
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