Nigerian stocks hit new low on bank shares loss | Premium Times Nigeria

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Nigerian stocks hit new low on bank shares loss

Market breadth, which measures investor sentiment, was negative, with 23 laggards reported against 11 advancers.

The all-share index shrank 42.61 basis points to 37,804.46, while market capitalisation fell to N19.703 trillion.FTN Cocoa appreciated by 10 per cent to close at N0.33. Ikeja Hotel enlarged by 9.89 per cent to end trade at N1. Cornerstone went up by 9.80 per cent to N0.56. Linkage Assurance rose to N0.60, notching up 9.09 per cent in the process. Mutual Benefits completed the top 5, climbing by 5.26 per cent to N0.40.Royal Exchange led losers, declining by 10 per cent to close at N0.63.

Zenith was the most active stock with 33.682 million of its shares worth N795.027 billion traded in 406 deals.Related

 

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