Nigerian stocks gain little as transaction volume drops

recorded what could hardly pass as a gain on Friday at the end of a flattish trade where the main equity index inched up by 0.04 per cent.

Inflow into stocks has been lower as increased yields in fixed income instruments including bonds and treasury bills are prompting big players like fund managers to shift away from shares. The advance also drew strength from FBN Holdings, with broad appreciation in the shares of several other financial services stocks providing further support., an indicator showing the direction stocks are likely to head soon, was positive with 17 gainers on record compared to 15 losers.

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