Nigerian stocks halt three-day bull run as investors take profit

Nigerian stocks halt three-day bull run as investors take profit

6/11/2021 10:47:00 PM

Nigerian stocks halt three-day bull run as investors take profit

Traders’ risk-off disposition to bellwether stocks like MTN Nigeria, GTB, and Nigerian Breweries triggered the slide.

, Sovereign Trust and Lasaco shares for sale.Nevertheless, the market reported a positive breadth as 25 gainers emerged relative to 16 losers.The all-share index shrank by 53.82 basis points to 39,156.28. Similarly, market capitalisation declined to N20.409 trillion.

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Year to date, the index is down by 2.77 per cent.TOP FIVE GAINERSCutix topped gainers, trading up 9.88 per cent to close at N2.78. Jaiz Bank gained 9.26 per cent to close at N0.59. Champion Breweries rose by 6.98 per cent to N0.46. Mansard jumped to N0.88, notching up 4.76 per cent. NNFM completed the top 5, climbing up by 4.24 per cent to N6.15.

TOP FIVE LOSERSNEM topped the losers’ table, declining by 10 per cent to close at N1.80. Champion shrank by 10 per cent to end trade at N1.80. Royal Exchange tumbled to N0.68, losing 9.33 per cent. FTN Cocoa dipped to N0.33, recording 8.33 per cent loss. Learn Africa closed at N1, going down by 8.26 per cent.

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