Nigerian stocks declined further on Friday as the benchmark index contracted 0.7 per cent and profit-taking efforts were recorded even in the shares of some of the firms that posted strong half-year earnings.
, which measures investors’ sentiment to trade, closed in the negative as 24 laggards emerged compared to 19 gainers. The rest 63 participating stocks did not record any movement. Courtville went up by 9.80 per cent to N0.56. Ikeja Hotel rose to N1.27, notching up 9.48 per cent in the process. Multiverse traded up 8.44 per cent to N2.44.BUA Cement topped the losers’ chart, declining by 9.95 per cent to close at N52.95. Chams shed 9.68 per cent to end trade at N0.28. Cutix closed at N2.05, going down by 8.89 per cent.Ellah Lakes fell to N4, losing 6.98 per cent in the process. Unity Bank slumped to N0.43, recording a 6.52 per cent depreciation.Altogether, 750.
Source: News Formal (newsformal.com)
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