Nigerian stocks deepen loss by N164 billion on continued profit-taking

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The All Share Index (ASI) edged lower to 42,043.79 index points.

Nigerian stocks heaped up further loss on Tuesday as the market shed 0.74 per cent, equivalent to N164.313 billion, with mid-cap stocks includingThe Banking Index crashed by 3.06 per cent to 410.72 index points to emerge the worst performer among the sectorial indices, compounding losses.The All Share Index edged lower to 42,043.79 index points while market capitalisation slipped to N21.994 trillion.Champions Breweries led the gainers, appreciating by 9.94 per cent to close at N3.76.

closed at N8.75, going down by 8.76 per cent.Union Bank was the most active stock with 79.525 million of its stocks worth N457.255 million traded in 47 deals. 52.666 million units of Transcorp shares priced at N54.152 million exchanged hands in 261 transactions. FBN Holdings had 49.539 million shares valued at N361.646 million traded in 332 deals. Zenith traded 38.576 million shares estimated at N1.033 billion in 655 transactions. UBA traded 35.514 million shares valued at N314.

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