Nigeria’s equities market opened this week’s trading in red, declining by 0.12percent on Monday August 23, no thanks to stocks like Lafarge Africa Plc, PZ Cussons Plc, Union Bank of Nigeria Plc, Eterna Plc, and FCMB Group Plc.
Stock investors lost about N25billion at the close of the trading session as buy-side activities of the market remained lower than the sell side activities.
The negative return seen Year-to-Date (YTD) currently stands at -2.08percent.
Despite that 19 stocks gained as against 10 losers, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation depreciated from week open highs of 39,483.08 points and N20.571 trillion respectively to 39,434.69 points and N20.546trillion.
Read also: Equities lose N3bn as investors take profit on recent gains
Lafarge stock price moved from N22.70 to N21.50, decreasing by N1.20 or 5.29percent, followed by that of PZ Cussons which dropped from N6 to N5.75, losing 25kobo or 4.17 percent.
Union Bank dipped from N5.25 to N5.05, losing 20kobo or 3.81percent, Eterna Plc decreased from N6.35 to N6.20, losing 15kobo or 2.36percent, while FCMB share price dropped from N3.09 to N3.02, down by 7kobo or 2.27percent.
Chams Plc, GTCo Plc, Honeywell Plc, Courteville Business Solutions Plc, and Wema Bank Plc were actively traded stocks. In 3,939 deals, investors exchanged 211,326,680 units valued at N2.029billion.
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