Nigerian stocks extend downturn as investors’ aversion for bank shares bites

Nigerian stocks retreated by 0.33 per cent in value on Monday as investors were reluctant to plough in money into equities, with bank shares being the worst for it.

“We expect the equities market to remain relatively lull as investors continue to take profits off the table especially in the absence of any expected positive trigger,” analysts at United Capital said. The all-share index slid 155.01 points to at 46,687.9 while market capitalisation scaled down to N25.2 trillion.Red Star Express led gainers, appreciating by 10 per cent to close at N2.97. NAHCO rose 9.79 per cent to N4.71.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors Gain N3trn From Stocks Trading In Q1Stock market investors made massive gains from their trading activities in the first quarter of 2022, as the Nigerian stock market capitalisation which Please,don't let people who are not living with Diabetes rob u of your freedom from Diabetes with their bad comments,I can cure Diabetes with the help of God nd leafs,my Herbal mixture is 100% effective with no side effects,you will be able to eat any food,even drink beer,DM pls.
Source: LeadershipNGA - 🏆 4. / 77 Read more »

NAHCO, Beta Glass, TotalEnergies top stocks to watch this weekMultiple companies that offered their investors bonus shares feature on this week's list.
Source: PremiumTimesng - 🏆 3. / 78 Read more »