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Nigerian stocks

Nigerian stocks drop 1.37pc to three-month low
Markets

Nigerian stocks drop 1.37pc to three-month low

  • The all-share index, which rose 50% in 2020, shed 1.37% on Friday, the most in one day since December.
  • BUA Cement shed 6.42% while Dangote Cement , the biggest listed firm, fell 3.42%. MTN Nigeria , the second biggest listed firm, dropped 1.81%.
Published 19 Mar, 2021 09:53pm
Nigerian stocks drop to 10-week low, banks fall
Markets

Nigerian stocks drop to 10-week low, banks fall

  • The all-share index, which rose 50% in 2020, shed 1.8% on Tuesday, the most in one day since December. The index of Nigeria's top 10 banking shares shed 5.3%.
  • Stocks had been rising since October as local funds moved into equities following two rate cuts last year, and as excess naira flooded money markets due to historically low yields on the debt market.
Updated 09 Mar, 2021 09:34pm
Nigerian stocks record biggest weekly fall in 8-years
Markets

Nigerian stocks record biggest weekly fall in 8-years

  • The all-share index, which rose 50% in 2020, shed 3.04% this week, the most since July 2013. Stocks dropped to 40,439.85 points on Friday, down 1.4% at a one-month low following eight days of losses.
  • At an open market Treasury auction on Thursday, investors sought one-year yields as high as 13%.
Published 12 Feb, 2021 07:56pm