Lafarge, Dangote Cement, PZ, others drag market southwards

Losses recorded in the shares prices of Lafarge Africa plc, Dangote Cement plc, PZ Cussons Nigeria plc, Conoil plc, and Access Bank plc contributed majorly to the stock market’s 0.07 percent decline. After trading yesterday, 29 stocks gained while 22 stocks declined, leaving 51 stocks unchanged.

Lafarge Africa led the pack of losers after its share price dropped from N128.5 to N126.99, losing N1.51; followed by Dangote Cement, which lost N1.02, from N225 to
N223.98.

PZ Cussons Nigeria lost N1 from its share price after moving from N33.25 to N32.25. Conoil also joined the top laggards after its share price dropped from N47.99 to N47.01, losing N0.98. In addition, Access Bank, which its share prices was lifted from technical suspension yesterday, dropped from N9.59 to N8.76, losing N0.83.

On the gainers table, Total Nigeria plc rose from N172.53 to N179, after adding N6.47 to its share price; followed by Nestle Nigeria plc, which rallied by N5, from N1050
to N1055. Forte Oil plc also made the list of top gainers after adding N3, from N219 to N222; Guinness Nigeria plc appreciated from N180 to N183, adding N3; while International Breweries plc rose by N1.51, from a low of N28.5 to N30.01.

The Nigerian Stock Exchange (NSE) All Share Index depreciated by 0.07 percent (or 29.32 points) and closed yesterday at 40,780 points from a high of 40,809.32 points
recorded the preceding trading day. In the same vein, market capitalisation decreased by N1 billion to N13.47 trillion from N13.48 trillion the preceding trading day.

Source : BusinessDay

Tags: No tags

Comments are closed.