BUA Cement, Eterna, others cause NGX-ASI further dip by 0.67%

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.

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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.