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Nigerian stocks shrink further as sell pressure weighs on banks' shares

Nigerian stocks shrink further as sell pressure weighs on banks' shares
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

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NGX All-Share Index Sheds 0.36% as Market Extends Bearish Trend

By Goddy Egene
The stock market opened for the week extending the negative performance of last week with the Nigerian Exchange (NGX) Limited All-Share Index (ASI) declining by 0.36 per cent to close at 37,857.89 yesterday. Similarly, the market capitalisation shed N70.9 billion to close lower at N19.723 trillion.
The market had went into the bears’ territory last week due to profit-taking after a positive performance the previous week. Specifically, the market dipped by 0.57 per cent. That bear run was extended to yesterday following sustained profit-taking in MTN Nigeria Plc, Zenith Bank Plc and BUA Cement Plc.
Although only 13 stocks depreciated compared with 16 price gainers, losses by the bellwethers propelled the negative close. Market operators had said the market would display a mixed trend, on profit-taking and repositioning for half-year earnings reporting season kicking off any time soon. ....

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Nigerian stocks fall to two-week low

Nigerian stocks fall to two-week low
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Rush for financial services shares stoke rise of Nigerian stocks by N430 billion

Rush for financial services shares stoke rise of Nigerian stocks by N430 billion
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Tripple Gee, Lasaco, Flour Mills top stocks to watch this week

Tripple Gee, Lasaco, Flour Mills top stocks to watch this week
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