Nigerian stocks completed a week-long gaining streak on Friday, aided by a swelling interest in consumer goods shares as the benchmark index lifted by 0.43 per cent., Dangote Sugar, and Stanbic IBTC.
But a plunge of as much as N9.345 billion or 45.4 per cent in the January-to-March profit of lender Stanbic IBTC failed to upset investors, as its share price bucked the downbeat performance to go 8.70 per cent higher, the third largest gain of the day as a matter of fact.
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Nigerian equities beat global stocks with N259b gainsNigerian stocks played the contrarian at the weekend with a net capital gain of N259 billion in a week marked by general decline in share Watch here
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Nigerian stocks deepen loss by N193 billion amid sell pressure on bank stocksProfit-taking in the shares of Zenith, GTB and Stanbic accounted most for the decline.
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