The Nigerian equities market declined further following losses by banking stocks. The Nigerian Stock Exchange All-Share Index fell by 0.06 per cent to close at 26,456.29, while market capitalisation shed N7.7 billion to close at N12.9 trillion.
In all, eight stocks declined led by Cornerstone Insurance Plc with 8.1 per cent, trailed by United Bank for Africa Plc with 2.5 per cent. Wema Bank Plc shed 1.6 per cent and Guaranty Trust Bank Plc lost 1.3 per cent. GTBank announced a decline of 3.0 per cent in gross earnings to N324.262 billion, from N334.711 billion in 2018.
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