As investors continued to take profit in stocks, trading on the Nigerian Bourse closed in the red zone on Thursday, making it the second time this week after 12 consecutive sessions of capital appreciation.
Equity investors on Custom Street, Lagos booked about N46billion loss as activities on the supply side of the Nigerian Stock Exchange (NSE) outweighed the demand.
Dangote Cement Plc recorded the highest decline after its share price moved from Wednesday high of N158 to N150.5, losing N7.5 or 4.75 percent. Another stock that recorded remarkable decrease is Nigerian Breweries Plc which dropped from N52.3 to N48.6, down N3.7 or 7.07 percent.
Also on the list of top losers are stocks like Conoil Plc which dropped from N15.25 to
N14.4, shedding 85kobo or 5.57 percent; Ardova Plc dipped from N12.8 to N12.45, down by 35kobo or 2.73 percent and BUA Cement Plc which dropped from N41.75 to N41.4, shedding 35kobo or 0.84percent.
At the close of trading, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) decreased by 0.31percent from day open high of 28,634.35 points to 28,546.22 points, while the Market Capitalisation decreased from N14.966trillion to N14.920trillion. The market’s positive return year-to-date printed slightly lower at +6.35percent.
Eterna Plc, Zenith Bank Plc, Access Bank Plc, FBN Holdings Plc and Fidelity Bank Plc were actively traded stocks on Thursday October 8.
In 6,101 deals investors exchanged 569,376,786 units valued at N4.913billion.
Airtel Africa said it will announce its H1’21 results for the period ended September 30, 2020 on October 23, 2020. The Telco’s management will host a conference call on the day of results for analysts and investors.
