Promote stress on Dangote Cement, Julius Berger ends Nigerian bourse’s fragile recovery

The Nigerian Stock Alternate closed on a downbeat fresh on Tuesday as a threat-off sentiment amongst investors heaped stress on sure blue-chip stocks, eroding the benchmark index down by 0.57 per cent.

Dangote Cement, Julius Berger and Ecobank Transnational Incorporated had been worst hit by the trudge apt because the economic index took the rear of efficiency amongst the five sectorial indices tracked by the alternate.

The redeeming characteristic of the wretched consequence lay in market breadth, which closed on a undeniable fresh as 22 gainers had been reported against 13 losers.

The all-share index fell by 226.26 foundation elements to shut at 39,267.11, while market capitalisation eased to N20.545 trillion.

300 and sixty five days up to now, the index is down by 2.49 per cent.

ALSO READ: Dangote Cement, GTB, Union Monetary institution top stocks to perceive this week


Farm animals led the gainers’ chart, appreciating by 9.66 per cent to shut at N1.93. Cornerstone went up by 9.09 per cent to N0.60. Courteville rose to N0.24, notching up 9.09 per cent within the technique. NPF Microfinance Monetary institution added 8.33 per cent to total the alternate at N1.95. Royal Alternate finished the top 5, hiking by 7.69 per cent to N0.28.


Regal Insurance protection was the worst-performing inventory, declining by 9.09 per cent to shut at N0.30. Prestige shed 8.89 per cent to shut at N0.41. Daar Communications fell to N0.23, losing 8 per cent. ETI slumped to N5.05, recording 4.72 per cent depreciation. Sovereign Believe closed at N0.23, going down by 4.17 per cent.


In all, 336.126 million shares estimated at N3.269 billion had been traded in 4,394 affords, reflecting 36 per cent quantity decline, when pronounce beside Monday’s figure.

Union Monetary institution was the most energetic inventory with 78.889 million shares value N418.140 million traded in 38 affords. 43.908 million objects of Courteville shares priced at N10.533 million exchanged palms in 81 transactions. GTB had 28.971 million shares valued at N955.089 million traded in 489 affords. Zenith Monetary institution traded 24.908 million shares estimated at N560.466 million in 433 transactions. Transcorp traded 22.621 million shares valued at N17.961 million in 104 affords.

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