Nigerian stocks fall, wipe out early year gains

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Nigerian stocks fall, wipe out early year gains
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Market breadth was positive as 20 gainers emerged compared to 16 laggards

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Nigerian stocks’ first fall for the year on Thursday saw the market give up its two previous daily gains as investors looked away from a good number of the shares of Airtel Africa put up for sale, pushing the benchmark index 1.53 per cent down and the year-to-date yield into the red.

Public release of annual financial statements is a major pivot of activity in the market, often driving share price movement. “The usual January momentum is likely to dominate particularly as the yield environment appears to be shifting downwards”.

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So people still invest here?

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