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Nigerian stocks shed N6 billion on risk-off sentiment towards bank shares

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Bank stocks led by GTCO and Zenith drove the pullback, the day’s loss coming to N6 billion.

Capital Hotel led gainers, appreciating by 9.38 per cent to close at N1.40. Eterna rose 10 per cent to N6.82, following

Morison grew by 9.74 per cent to end trade at N1.69. Transcorp Hotel went up 9.30 per cent to N4.70. UPDC traded up 9.22 per cent to N1.54.Academy Press declining by 9.76 per cent to close at N0.37. Eterna shed 9.52 per cent to end trade at N1.71. Mutual Benefits fell to N0.32, losing 8.57 per cent in the process. ABC Transport slumped to N0.36, recording 7.69 per cent depreciation. Unity Bank closed at N0.56, going down by 6.67 per cent.Altogether, 198.3 million shares estimated at N1.

Sovereign Trust was the most active stock with 48.4 million of its shares worth N11.2 million traded in 70 deals. Mutual Benefits traded 27.1 million shares priced at N8.7 million in 48 transactions.

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