Nigeria, May 4 -- Nigerian stocks retreated Tuesday, shedding 0.08 per cent as investors dumped shares, particularly those of WAPCO, Zenith and MTN for sale.

The insurance index was worst hit by the drawback of the five sectorial indices tracked by the exchange, going down by 1.27 per cent.

Market breadth was nevertheless positive as 24 gainers emerged against 17 losers.

The all-share index inched down by 36.64 points to 39,801.78, while market capitalisation dipped to N20.830 trillion.

The index has lost 1.16 per cent so far this year.

Lasaco led the gainers, appreciating by 9.86 per cent to close at N1.56. Neimeth went up by 9.83 per cent to N1.90. International Breweries rose to N5.70, notching up 9.62 per cent in the process. Cou...