Lagos — Nigerian stocks fell 1.4%, ending an eight-day rally on Wednesday as investors booked profits from the relatively liquid banking sector, LSEG data showed.
The All-Share Index (.NGSEINDEX) fell to 82,024.38 points. The stocks index crossed a psychological threshold of 80,000 points for the first time on Monday.
The index of Nigeria’s top 10 banks (.NGSEBNK10) dropped 7.97% on the day.
*Chijioke Ohuocha; editing: Andrew Heavens – Reuters
