Banking Stocks Lift NGX as FirstHoldCo, UBA Rally Despite BUA Cement Selloff

The Nigerian Exchange All-Share Index declined by 0.09 percent to close at 242,145.61 points amid profit-taking in heavyweight industrial and consumer goods stocks. However, a rally in banking equities, including FirstHoldCo and United Bank for Africa, helped cushion the market downturn despite a selloff in BUA Cement.