Nigeria’s equities market continued its negative trend on Tuesday by 0.67 percent, representing about N371billion loss as investors sold stocks like BUA Cement, Eterna, Fidson Healthcare and other major laggards on the Lagos Bourse.

At the close of trading on Tuesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation depreciated further from preceding day’s high of 97,582.41 points and N55.404trillion respectively to 96,928.52 points and N55.033trillion.

In 9,381 deals, investors exchanged 449,210,428 shares worth N6.735billion. Shares of UBA, Oando, Veristas Kapital, Sterling Financial Holdings and Access Holdings were actively traded.

Read also: Why windfall tax should not dampen investor appetite for bank stocks

Related News

BUA Cement share price decreased most from N143.20 to N128.90, down by N14.30 or 9.99percent.

Thomas Wyatt share price also decreased from N1.76 to N1.61, down by 15kobo or 8.52percent.

Another major decliner, Champion Breweries was down from N3.01 to N2.77, losing 24kobo or 7.97 percent.

Eterna also dipped from a high of N19 to N17.60, after losing N1.40 or 7.37percent, while Fidson Healthcare share price decreased from N14.75 to N13.75, down by N1 or 6.78percent.

More from our Markets Column
Read Next
Nigeria’s 4-month stock deals reach N5.9trn as market hits overdrive

CardinalStone, Stanbic, United Capital, others trade N1.72trn stocks in 7 months

By Iheanyi Nwachukwu • August 7, 2024

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp