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Business News

Stock Market Closes Flat Amid Sell-Offs in PZ, International Breweries

By Dipo Olowookere The local stock market traded flat on Wednesday, though bearish sentiments persist, caused by sustained profit-taking in the financial and consumer goods sectors. PZ Cussons ended as the worst-performing equity after its value went down by 10.00 per cent to N34.20, as International Breweries followed with a decline of 9.89 per cent to trade at N3.92. McNichols depreciated by 9.73 per cent to finish at N1.02, Sterling Holdings fell by 9.59 per cent to N4.43, and Linkage Assurance lost 9.41 per cent to 77 Kobo. On the flip side, Okomu Oil closed as the best-performing stock during

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