Nigerian stocks sink further after blue-chip losses
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Nigeria, Feb. 5 -- Nigerian stocks capped a woeful week of lossmaking with a 0.18 per cent or N40.067 billion decline on Friday, marking a negative weekly return of -1.66 per cent. Losses by blue-chip stocks including Total, MTNN, WAPCO, Dangote Sugar and Zenith Bank contributed significantly to the underwhelming performance.
The exchange welcomed telco Briclinks Africa Plc to its Growth Board as the firm listed 10 million ordinary shares of N1 each at N6.26 per share by introduction.
Trade ended with a negative breadth with 37 losers recorded against 14 gainers.
The All Share Index (ASI) edged lower to 41,709.09 index points. The market capitalisation tapered to N21.819 trillion at the end of trade.
Year to date, the index is up by 3...
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