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Nestle, Dangote Cement, Nigerian Breweries, Others Drag Stock Market Down

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The Nigerian Stock Exchange extended its decline on Tuesday as stocks of Nestle, Dangote Cement, Nigerian Breweries, Cadbury and others led the decline.

Investors traded 9.360 million shares worth N12.021 trillion in 8,712 deals during the trading hours of Tuesday.

The All-Share Index declined by 1.53 percent or 531.25 index points to 34,242.83 index points, down from 34,774.08 it settled on Monday. While the market capitalisation of listed equities depreciated by N278 billion from N18.171 trillion on Monday to N17.893 trillion.

UAC-Prop led the most traded equities by volume with 8,519,810,121 shares valued at N5,964,022,431.82. This was followed by Jaiz Bank’s 304,731,042 shares worth N222,221,811.23. See the details below.

Top Trades

Symbols Volume Value
UAC-PROP 8,519,810,121 N5,964,022,431.82
JAIZBANK 304,731,042 N222,221,811.23
TRANSCORP 95,949,459 N97,925,643.07
FBNH 82,407,413 N613,819,764.30
UBA 52,836,901 N440,556,984.45

Top Gainers

Symbols Last Close Current Change %Change
CONOIL N19.05 N20.85 1.8 9.45%
GUARANTY N36 N37 1 2.78%
DANGSUGAR N20 N21 1 5.00%
GLAXOSMITH N6.8 N7.45 0.65 9.56%
BOCGAS N5.32 N5.85 0.53 9.96%

Top Losers

Symbols Last Close Current Change %Change
NESTLE N1450 N1400 -50 -3.45%
DANGCE N200 N187.1 -12.9 -6.45%
NB N58 N54 -4 -6.90%
CADBURY N10.15 N9.15 -1 -9.85%
INTBREW N7 N6.54 -0.46 -6.57%

Source: Naija News

Is a foreign exchange research analyst, contributing author on New York-based Talk Markets and investing.com, with over a decade experience in the global financial markets.