Nigerian stocks halt six-day uptrend amid selling pressure on telecom, banking sectors’ giants

Banking and telecom shares led the slide.

The all-share index dwindled 126.32 points to 38,801.51 points, while market capitalisation closed lower at N20.3 trillion.Conoil led gainers, appreciating by 10 per cent to close at N20.35. Consolidated Hallmark went up 8.93 per cent to N0.61. Sovereign Trust rose to N0.28, notching up 7.68 per cent in the process. Regal Insurance added 7.14 per cent to end trade at N0.45. Mutual Benefits completed the top 5, climbing by 5.56 per cent to N0.38.

fell to N0.95, losing 2.06 per cent. dipped to N0.51, recording 1.92 per cent depreciation. Japaul Gold closed at N0.51, going down by 1.92 per cent.

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