Nigerian stocks depreciated by 0.09 per cent on Tuesday in their worst show since year start as investors dumped food and beverages stocks led by Nestle and Nigerian Breweries, and partialDrop in the share prices of NGX Group and UBA strengthened the loss, with the underwhelming performance of the broader index tempered by gain by BUA Foods, which rose for the sixth straight session.
The all-share index was 37.83 points down at 43,859.30 just as market capitalisation dipped to N23.6 trillion.BUA FGoods led the gainers, appreciating by 10 per cent to close at N64.35. Eterna went up 5.09 per cent to N5.57. Union Bank climbed to N5.65, notching up 4.63 per cent in the process.
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