Nigerian stocks were down 0.06 per cent on Wednesday, partly beating back the rate at which the market declined at the previous session, although that was not significant in halting a free fall in equity value reaching back to April 26.
There is no definite end in view to a dramatic comeback in the near term for a market that has lost 5.06 per cent so far this year.for the fourth time on Tuesday holds some promise, meaning the pace recovery will, at best, be measured and steady.contributed most to the slide. Again, the banking index fell the most of the five sectorial indexes tracked by the bourse as it weakened by 0.44 per cent to 356.09 basis points.The Nigerian Exchange posted a positive breadth as 20 gainers emerged against 14 losers.
The all-share index eased by 23.08 basis points to 38,233.68, and market capitalisation by N12 billion to N19.928 trillion.John Holt led advancers, appreciating by 9.68 per cent to N0.68. Vitafoam climbed up by 9.19 per cent to N10.10.