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Nigerian stocks weaken as investors dump consumer goods, bank shares

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The index has dwindled 2.53 per cent since January.

Linkage Assurance led gainers, appreciating by 8.93 per cent to N0.61. FTN Cocoa added up 8.89 per cent to end trade at N0.49. Mutual Benefits went up by 7.14 per cent to N0.30. ETI rose to N5.50, notching up 5.77 per cent in the process. Universal Insurance completed the top 5, climbing by 5 per cent to N0.21.GSK was the worst-performing stock, declining by 9.56 per cent to close at N6.15. Consolidated Hallmark shed 8.62 per cent to close at N0.53. Sovereign Trust fell to N0.24, losing 7.

Access Bank was the most active stock with 30.5 million units of its stocks worth N282.1 million traded in 353 deals. Mutual Benefits’s shares of 26.8 million units, priced at N8.004 million exchanged hands in 55 transactions. Sovereign Trust traded 21.4 million shares estimated at N5.1 million in 36 transactions. Universal Insurance traded 12.9 million shares valued at N2.6 million in 25 deals. Honeywell had 12.9 million shares valued at N48 million traded in 263 deals.

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