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Nigerian stocks reverse gains after retreat across sectors

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The all-share index dropped 31.62 basis points to 41,943.83, while market capitalisation eased to N20.9 trillion.

SCOA led gainers, appreciating by 9.47 per cent to close at N1.04. Linkage Assurance grew 7.55 per cent to end trade at N0.57. Okomu Oil went up by 5.19 per cent to N142. AIICO rose to N1.28, notching up 4.92 per cent in the process. Honeywell completed the top 5, climbing up 4.60 per cent to N3.64Pharma Deko topped the losers’ chart, declining by 10 per cent to close at N2.34. Unilever shed 8.65 per cent to end today’s trade at N14.25. Red Star Express fell to N3.12, losing 8.

FBN Holdings was the most active stock with 19.5 million of its shares worth N208.3 million traded in 244 deals. Lasaco traded 10.6 million shares, priced at N10.6 million exchanged hands in 64 transactions. Transcorp had 10.6 million shares valued at N10.7 million traded in 70 deals. Japaul traded 8.7 million shares estimated at N3.4 million in 38 transactions. NGX

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Big-cap bank stocks lead pullback as Nigerian shares lose N19.8 billionThe insurance sector was at the far back of performance of the five sector indexes tracked by the bourse.
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