Business News

Unity Bank, FBN Holdings, Others Tumble Customs Street by 0.31%

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By Dipo Olowookere The Nigerian stock market further depreciated by 0.31 per cent on Friday on the back of persistent selling pressure, especially in the banking sector. Twenty equities led by Unity Bank and FBN Holdings brought down Customs Street at the close of trading activities yesterday, as investor sentiment remained largely weak. Business Post reports that only 14 shares led by FTN Cocoa and RT Briscoe could close in the green territory on Friday, indicating a negative market breadth index. Consequently, the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited went down by 306.16 points to 99,539.75 points