NSE: SELL PRESSURE IN BANK STOCKS STEERS MARKET TO N91.106BN LOSS

Written by on November 20, 2020

PROFIT-TAKING IN BANK STOCKS ON THE NIGERIAN STOCK EXCHANGE (NSE) COST INVESTORS N91.06 BILLION, PARTLY REVERSING THE GAIN REPORTED AT THURSDAY’S SESSION.

 THE BANKING INDEX FARED WORST OF THE FIVE SECTORIAL INDICES, DECLINING BY 2.66% TO 418.39 BASIS POINTS.

A NEGATIVE MARKET BREADTH WAS RECORDED WITH 28 LOSERS EMERGING AGAINST 19 GAINERS. THE ALL SHARE INDEX SLID BY 0.50% TO 34,643.65 BASIS POINTS WHILE MARKET CAPITALISATION CLIMBED TO N18.102 TRILLION.

YEAR TO DATE, THE INDEX IS UP BY 29.06%.


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