Stock Market Sheds N418bn Amid Sustained Sell Pressure

“The current low prices and valuations will allow BUY-SIDE investors the opportunity to re-enter the market and take positions in fundamentally sound stocks, thus maximising market returns.”

Transnational Corporation followed with a gain of 9.47 per cent to close at N1.85 and Consolidated Hallmark Insurance up by 8.77 per cent to close at 62 kobo, per share. On the other hand, International Energy Insurance led the losers’ chart by 6.98 per cent to close at N1.20, per share. MTNN followed with a decline of 6.67 per cent to close at N224.00, while Transcorp Hotels lost 5.80 per cent to close at N6.50, per share.

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