Nigerian stocks halt advance amid bank shares sell-off

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Traders dumped hefty volumes of shares in Zenith, GTCO, UBA and Seplat for sale, which outweighed the quantity that investors...

Traders dumped hefty volumes of shares in Zenith, GTCO, UBA and Seplat for sale, which outweighed the quantity that investors were willing to buy, triggering the slide.Nigerian stocks dipped 0.18 per cent on Friday, capping a week with a mixed bag of performances with a 57 per cent improvement in trade volume, compared with that of the previous session., GTCO, UBA and Seplat for sale, which outweighed the quantity that investors were willing to buy, triggering the slide.

The all-share index eased by 84.04 points to 47,202.30 points, while market capitalisation dropped to N25.4 trillion.Guinness led gainers, appreciating by 10 per cent to close at N60.50. NCR added 10 per cent to end trade at N3.30. SCOA advanced 9.88 per cent to N1.78. RT Briscoe rose to N0.39, notching up 8.33 per cent in the process. Lasaco completed the top 5, climbing up by 5.66 per cent to N1.12.Pharma Deko topped losers, depreciating by 8.84 per cent to close at N1.65. NEM shed 6.

 

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