Nigerian stocks shrink further as sell pressure weighs on banks' shares

Capital Hotel led gainers, appreciating by 9.85 per cent to close at N2.90. Oando went up 9.81 per cent to N5.26. BOC Gases rose to N9.20, notching up 8.88 per cent.

FTN Cocoa added 8.16 per cent to end trade at N0.53. Livestock completed the top 5, climbing by 4.80 per cent to N2.40.Tripple Gee was the worst performing stock, declining by 10 per cent to close at N0.90. Consolidated Hallmark shed 10 per cent to close at N0.54. Pharma Deko fell to N1.09, losing 9.92 per cent. Regal Insurance slid to N0.41, recording 6.82 per cent depreciation. Eterna closed at N7.10, going down by 6.58 per cent.Altogether, 237.510 million shares estimated at N1.

Oando was the most active stock with 44.290 million units of its shares worth N232.963 million traded in 417 deals.

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Nigerian stocks climb further but partial profit-taking dampens gainsMuch as there is great expectation of more corporate reports, investors are paying attention to the ongoing meeting of the central bank’s monetary policy committee.
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Nigerian stocks end five-day rise on investors hunting recently accumulated gainsThe all-share index edged down by 46.93 basis points to 38,802.12 and market capitalisation to N20.2 trillion.
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