Nigeria: Sell-Offs in Sector Giants Send Nigerian Shares Further Down
The market breadth was negative, with 21 laggards recorded, compared to 16 gainers.
Nigerian stocks dipped further by 0.46 per cent on Thursday, with the aggravating downtrend across the market now spurred by heavyweights in the conglomerates, banking and industrial sectors, rather than a bank-driven losing spell that has held trade for days.
Huge volumes of Dangote Cement, GTB and UACN shares were put up for sale but there were no sufficient buy offers for a balance of interest on the demand side…
