Nigerian stocks in first decline in six days as investors capture profit


Nigerian stocks had been weaker by 0.05 per cent on Wednesday after the benchmark index misplaced bond with the force of growth that had helped half worth up since Friday.

A pair of stocks dominated by financial services stocks, made out of Lafarge WAPCO, Ecobank Transnational Included, Earn entry to and Zenith, shed half of the burden from most original marginal good points, surroundings the total valuation of stocks on a downward course.

Market breadth, which determines the angle of investors in the direction of alternate, used to be a minute destructive as 19 laggards had been recorded relative to 18 gainers.

The all-half index slipped 23.25 aspects to 43,707.3, whereas market capitalisation eased to N23.8 trillion at the shatter of alternate.

From the starting up of the year as a lot as now, the index is up by 8.53 per cent.


Neimeth led gainers, appreciating by 10 per cent to N1.98. Chams added 9.09 per cent to shut at N0.24. Mutual Advantages went up by 8 per cent to N0.27. Honeywell Flour rose to N3.54, notching up 6.95 per cent in the job. Wema done the shatter 5, rock climbing up by 5.88 per cent to N1.80.


Pink Superstar Advise topped the losers’ chart, declining by 9.86 per cent to shut at N3.29. Pharma Deko shed 9.83 per cent to shatter alternate at N2.11. FTN Cocoa fell to N0.40, shedding 9.09 per cent in the job. ABC Transport slumped to N0.30, recording 9.09 per cent depreciation. Consolidated Hallmark closed at N0.55, going on by 8.33 per cent.


In all, 270.701 million shares estimated at N5.6 billion had been traded in 3,861 deals.

Flour Mills used to be basically the most lively stock with 50.6 million gadgets of its shares price N1.5 billion traded in 54 deals. Transcorp transacted 38.9 million shares priced at N39.2 million in 120 transactions. FBN Holdings had 21.5 million shares valued at N243.7 million traded in 199 deals. ETI traded 19.2 million shares estimated at N164.5 million in 77 transactions. GTCO traded 14.6 million shares valued at N403 million in 238 deals.

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