Nigerian stocks retreated Tuesday, shedding 0.08 per cent as investors dumped shares, particularly those of WAPCO, Zenith and MTN for sale.
The insurance index was worst hit by the drawback of the five sectorial indices tracked by the exchange, going down by 1.27 per cent.The all-share index inched down by 36.64 points to 39,801.78, while market capitalisation dipped to N20.830 trillion.went up by 9.83 per cent to N1.90. International Breweries rose to N5.70, notching up 9.62 per cent in the process. Courteville added 8.70 per cent to end the trade at N0.25. Royal Exchange completed the top 5, climbing by 7.55 per cent to N0.57.
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Nigerian stocks deepen loss by N193 billion amid sell pressure on bank stocksProfit-taking in the shares of Zenith, GTB and Stanbic accounted most for the decline.
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Nigerian stocks rise further on bank stock gainsThe benchmark index edged 0.29 per cent higher.
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Bank stocks gains help stop Nigerian equities from sinking furtherA positive market breadth posted as there were 24 gainers against 17 losers.
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