Sep 25, 2009

Nigeria's all-share index .LAGLG falls by 0.75 percent to 22,332 points as investors book profits after five straight days of gains.

"Most investors decided to take advantage of the volatility of the market to book profits from the gains in the past few days," one dealer says.

The index had gained 5.72 percent in the previous five sessions after the central bank governor reassured investors there would be no further shocks in the banking sector audit.

Sterling Bank (STBP.LG: Quote) slips 5 percent to lead the decliners, followed by First Bank (FBNP.LG: Quote), down 4.97 percent, Starcomms (STCP.LG: Quote), which drops 4.96 percent, Zenith Bank (ZETH.LG: Quote) sheds 4.94 percent and Guaranty Trust Bank (GTB.LG: Quote) loses 4.92 percent.