Nigerian stocks close flat amid drop in transaction volume
Nigerian stocks closed nominally lower on Wednesday as the benchmark index dipped 0.03 per cent, extending a string of losses that began on Monday.
Traders put up huge volumes of shares in Okomu Oil, Conoil and FBN Holdings for sale, triggering the slide.
The Insurance Index fell by 0.49 per cent, the most decline of the five sector indexes tracked by the bourse.
“We expect sentiments to remain soft and could support further profit taking, particularly if fixed income yields continue to…