Nigerian equities snap 12-day bullish run; shed N144bn

Nigerian bourse shed N68bn on Friday as GTBank leads losers

The equities market ended the midweek trading lower as stocks snapped a 12-day bullish run on profit-taking in MTN Nigeria and ZENITHBANK which led to -1.5 per cent and-6.01 per cent falls in their respective share prices, alongside some other bellwethers that closed the day in the red territory. Thus, the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) declined by 0.95 per cent, equivalent to 275.02 lost points to close 28,634.35 basis points. Accordingly, Month-to-Date (MtD) and Year-to-Date gain (YtD) gains both moderated to 6.7 per cent.…

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