Nestle, Dangote Cement, Nigerian Breweries, Others Drag Stock Market Down


The Nigerian Stock Exchange extended its decline on Tuesday as stocks of Nestle, Dangote Cement, Nigerian Breweries, Cadbury and others led the decline.

Investors traded 9.360 million shares worth N12.021 trillion in 8,712 deals during the trading hours of Tuesday.

The All-Share Index declined by 1.53 percent or 531.25 index points to 34,242.83 index points, down from 34,774.08 it settled on Monday. While the market capitalisation of listed equities depreciated by N278 billion from N18.171 trillion on Monday to N17.893 trillion.

UAC-Prop led the most traded equities by volume with 8,519,810,121 shares valued at N5,964,022,431.82. This was followed by Jaiz Bank’s 304,731,042 shares worth N222,221,811.23. See the details below.

Top Trades

UAC-PROP
8,519,810,121
N5,964,022,431.82
JAIZBANK
304,731,042
N222,221,811.23
TRANSCORP
95,949,459
N97,925,643.07
FBNH
82,407,413
N613,819,764.30
UBA
52,836,901
N440,556,984.45

Top Gainers

Top Losers

NESTLE
N1450
N1400
-50
-3.45%
DANGCE
N200
N187.1
-12.9
-6.45%
NB
N58
N54
-4
-6.90%
CADBURY
N10.15
N9.15
-1
-9.85%
INTBREW
N7
N6.54
-0.46
-6.57%

Source: Naija News

Source: Naija News

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