Nigerian stocks fall for second straight day as volume shrinks

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Transaction volume contracted by 22 per cent even though turnover considerably advanced by 69 per cent.

Nigerian stocks depreciated for the second consecutive day on Friday as the benchmark index dipped by 0.1 per cent.

Huge sell-off in the shares of beer-maker Nigerian Breweries triggered the slide, supported by MTN Nigeria. The telecom company’s shares saw a little profit-taking from traders after steady appreciation over the past ten days.on the gainers’ side as the electricity producer appreciated by roughly 5 per cent or N30.8 million.

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