Red ThursDay: NSE down 2.24 percent on negative sentiment

Stocks fell today as the prospects of a rise in the cash reserve requirments (CRR) for banks to 100 percent weighed on stocks, see...http://patrickatuanya.blogspot.com/2014/02/what-does-100-percent-crr-mean-for.html.

Most financials sold off with First bank and Stanbic Ibtc down 5 percent each.

The NSE-ASI lost 900.67 points (down 2.24 percent), to close at 39,378.15 points. The market capitalisation fell by N289.22 points to N12.62 trillion. The markets year to date losses fell to -4.72 percent.