Nigerian stocks slide further as investors take profit

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

MTN Nigeria, Flour Mills and Zenith Bank triggered the decline even though transaction volume improved by 48 per cent and turnover by 4 per cent.

Nigerian stocks were 0.35 per cent weaker on Tuesday, extending the slide that started at the previous trading session as profit-taking actions in some big-cap shares weighed., Flour Mills and Zenith Bank triggered the decline even though transaction volume improved by 48 per cent and turnover by 4 per cent.

Market breadth was negative as 27 losers emerged in contrast to 21 gainers. The rest 70 participating stocks saw no price movement. NPF Microfinance Bank dropped to N1.95, losing 8.02 per cent. Japaul Gold dipped to N0.30, recording 6.25 per cent loss. Champion Breweries closed at N3.70, going down by 6.09 per cent.Jaiz was the most preferred stock, trading 172.1 million shares worth N151.8 million in 141 deals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigerian stocks record first fall in six days after inflation data releaseThe all-share index was down by 153.8 basis points at 52,944.7. Similarly, market capitalisation depreciated to N28.5 trillion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »