The equities market plunged further yesterday as profit taking in bellwether stocks depressed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) below 35,000 mark at 34,663.48. Similarly, market capitalisation shed N220.5 billion to close lower at N12.638 trillion.
A total of 22 stocks shed weight compared with only 11 other stocks. The banking counters recorded the more losses, leading to a decline of 2.8 per cent in the NSE Banking Index.
However, UACN Property Development Company Plc led the price losers with 8.1 per cent to close, trailed by Honeywell Flour Mills Plc with 7.5 per cent. Japaul Oil & Maritime Services Plc and PZ Cussons Nigeria Plc went down by 7.1 per cent each.
Other top price losers included: United Capital Plc(6.6 per cent); Unilever Nigeria Plc (4.5 per cent); Zenith Bank Plc(3.1 per cent); Oando…
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