Nigerian stocks see second-biggest plunge of the year as investors take profit
The all-share index climbed down by 715.7 basis points to 49,629.4, while market capitalisation dropped to N29.3 trillion.
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The all-share index climbed down by 715.7 basis points to 49,629.4, while market capitalisation dropped to N29.3 trillion.
The advance also drew support from Conoil and MTN Nigeria, which both reported moderate gains................
The mild climb followed increased demand for financial services stocks led by Fidelity Bank, Access Bank and UBA. ...................
Investors’ demand for bank stocks aided the climb as FCMB Group, Zenith Bank, United Capital and GTCO led the charge.
FBN Holdings led the march, supported by Nestle, Nigerian Breweries, United Capital and Presco..................................