Nigerian stocks lost some ground Tuesday as the benchmark index slid by 0.12 per cent, bumping a market optimism created a raft of strong company results in what marked the exchange’s first decline after five days of gain.
The move became more intense on Tuesday, with the likes of UACN, MTNN, UPDC and GTCO leading the slide. The all-share index edged down by 46.93 basis points to 38,802.12 and market capitalisation to N20.216 trillion. Since January, the index has been down 3.65 per cent.Oando led gainers, appreciating by 9.86 per cent to close at N4.79. Champion Breweries lifted by 9 per cent to end trade at N2.30. FTN Cocoa went up by 8.89 per cent to N0.49.
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