Markets

Nigerian stocks halt 12-day winning streak as banks fall

  • Local stocks posted their biggest daily gain in 5-1/2 years on Tuesday, as money market liquidity flowed into equities.
Published October 7, 2020 Updated October 7, 2020 04:15pm
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ABUJA: Nigerian stocks fell 1.25pc in early Wednesday trade to halt a 12-day winning streak as investors booked profit from the relatively liquid banking sector.

Local stocks posted their biggest daily gain in 5-1/2 years on Tuesday, as money market liquidity flowed into equities.