Nigerian stocks capped a woeful week of lossmaking with a 0.18 per cent or N40.067 billion decline on Friday, marking a negative weekly return of -1.66 per cent.
Losses by blue-chip stocks including Total, MTNN, WAPCO, Dangote Sugar and Zenith Bank contributed significantly to the underwhelming performance. The exchange welcomed telco Briclinks Africa Plc to its Growth Board as the firm listed 10 million ordinary shares of N1 each at N6.26 per share by introduction.The All Share Index edged lower to 41,709.09 index points. The market capitalisation tapered to N21.819 trillion at the end of trade.NNFM led the flock of gainers, appreciating by 9.77 per cent to close at N8.65. African Alliance Insurance added 9.09 per cent to end today’s trade at N0.24. Multiverse went up by 9.09% to N0.24.
More negative impact to the economy