The persistent downward movement on the Nigerian Stock Exchange continued on Tuesday with market indices depreciating further by 0.47 per cent, due to sell pressure in 22 stocks.
Analysts at APT Securities and Funds Limited said that, “We retain our cautious trading advice in the short run. Sovereign Trust Insurance recorded the highest price gain of 9.52 per cent, to close at 23k per share. Aiico Insurance dropped by 4.35 per cent to close at 66k, while United Bank for Africa lost 3.91 per cent to close at N6.15, per share.
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