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Nigerian stocks slide after sell-offs in WAPCO, Zenith, MTN shares

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First Bank Holdings was the most active stock with 79.603 million units of its stocks worth N574.498 million traded in 484 deals.

Nigerian stocks retreated Tuesday, shedding 0.08 per cent as investors dumped shares, particularly those of WAPCO, Zenith and MTN for sale.

The insurance index was worst hit by the drawback of the five sectorial indices tracked by the exchange, going down by 1.27 per cent.The all-share index inched down by 36.64 points to 39,801.78, while market capitalisation dipped to N20.830 trillion.went up by 9.83 per cent to N1.90. International Breweries rose to N5.70, notching up 9.62 per cent in the process. Courteville added 8.70 per cent to end the trade at N0.25. Royal Exchange completed the top 5, climbing by 7.55 per cent to N0.57.

 

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