Nigerian stocks sink further amid sell-off of big-cap bank shares

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The all-share index slipped 46.77 basis points to 39,204.54, while market capitalisation fell to N20.4 trillion.

SCOA declined 9.72 per cent to N1.30. Veritas Kapital shrank by 8.70 per cent to end the day at N0.21. Mansard fell to N0.83, losing 5.68 per cent. Chams dipped to N0.21, recording 4.55 per cent loss. International Breweries closed at N4.80, going down by 4 per cent.FBN Holdings was the most preferred stock today with 86 million units of its shares worth N640.9 million traded in 112 deals. Access had 71.1 million shares priced at N671.3 million exchanged hands in 441 transactions.

Universal Insurance had 22.3 million shares valued at N4.5 million traded in 37 deals. GTO traded 19.4 million shares estimated at N529.4 million in 335 transactions. Transcorp traded 16.1 million shares valued at N14.7 million in 125 deals.

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