Dangote Cement leads losers’ pack on NSE in bearish market


The free fall of equities continued on the Nigerian Stock Exchange (NSE) on Thursday with major equities recording further depreciation led by Dangote Cement.

The floor of Stock exchange

Dangote Cement lost N8.84 to close at N260.16 per cent.

Guinness followed on the losers’ table with a loss of N4.15 to close at N116.10, while Stanbic IBTC was down by N2.28 to close at N43.72 per share.

GlaxosmithKline depreciated by N2.02 to close at N18.88, while Unilever shed N1.50 to close at N44.50 per share.

Consequently, the All-Share Index downgraded further by 434.34 points or 0.99 per cent to close at 43,529.06 compared with 43,963.40 achieved on Wednesday.

Also, the market capitalisation which opened at N15.759 trillion shed N156 billion or 0.99 per cent to close at N15.603 trillion.

Mr Ayodeji Ebo, the Chief Executive Officer, Afrinvest Securities Ltd., said that the market was…

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