Banking Index Weakens As Selloffs Hit Tier-1 Stocks

The banking sector index slipped further on Tuesday amid sustained sell pressure on Tier-1 banks, compounded by profit-taking in Wema Bank. Data from the Nigerian Exchange (NGX) showed that banking equities were the primary drivers of the day’s market decline, alongside weakness in the insurance sector. Guaranty Trust Holding Company (GTCO) led the activity chart, … Continue reading Banking Index Weakens As Selloffs Hit Tier-1 Stocks