NSE: Nigerian stocks down by 0.05% amid bank stocks sell-off

at 11.5 per cent, in a bid to ensure a balance between checking rising inflation and aiming for growth for an economy that managed to creep out of recession last quarter.The bank index was the day’s worst performer of the five sectorial indexes monitored by the bourse, declining by 0.65 per cent to close at 358.78 points.

A positive market breadth posted as there were 19 losers against 20 gainers. The all-share shrank by 17.90 points to close at 38,704.97, while market capitalisation closed lower at N20.251 trillion.Wapic led the gainers’ chart, appreciating by 10 per cent to close at N0.55. CAP went up by 10 per cent to N22. NPF Microfinance Bank rose to N1.77, notching up 9.94 per cent. Julius Berger added 9.89 per cent to end the trade at N20.55. FTN Cocoa completed the top 5, climbing by 9.30 per cent to N0.

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