Return on Nigerian stocks negative after bank shares sell-offs

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The Banking Index – the day’s worst performer of the five sectoral indices – contracted by 2.60 per cent to 372.85 index points.

against 10 advancers. The All Share Index declined to 40,212.19 index points and market capitalisation to N21.037 trillion.RT Briscoe led gainers, appreciating by 10% to close at N0.22. Cornerstone went up 8.47% to N0.64. Royal Exchange rose to N0.27, notching up 8% in the process.

added 6.51% to end today’s trade at N2.29. Niger Insurance completed the top 5, climbing by 4.55% to N0.23.UPL was the worst-performing stock, declining by 9.09% to close at N1.20. Chams shed 8.33% to close at N0.22. fell to N5.35, losing 7.76%. Multiverse slid to N0.24, recording 7.69% depreciation. Japaul closed at N0.68, going down by 5.56%.

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