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Home Business News

Bears take over as Lafarge Africa falls to 9 year low

Onome Ohwovoriole by Onome Ohwovoriole
November 7, 2018
in Business News
Lafarge Africa provides grant for startups, Lafarge Africa’s latest earnings report reveals 8.5% decline in gross profit , Lafarge Africa gets new CFO one month after resignation of former finance director, Lafarge Plc reveals why it invited Italian man with Coronavirus to Nigeria, Lafarage Africa group Plc posts a revenue of N213 billion in 2019, profit up N17 billion, Lafarge moves to sell 35% shareholding in Continental Blue Investment Ghana Limited

Lafarge Africa Plc

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The Nigerian Stock Exchange, shed some of the gains made yesterday as the All Share Index closed at 32,108.03 basis points, down 0.14%. Year to date, the index is down 16.04%.

Top Gainers and Losers

Niger Insurance Plc was the best performing stock today. The closed at N0.22, up 10%. NPF Microfinance Bank was next with a 9.63% gain to close at N1.48. Fidson Healthcare rounds up the top three with an 8.89% gain to close at N4.90.

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On the flip side, AIICO Insurance was the worst performing stock today. The stock shed 9.86% to close at N0.64. Lafarge Wapco declined by 9.77% to close at a 9 year low of N15.70

Mutual Benefits Assurance rounds up the top 3 losers with a 7.41% decline, closing at N0.25.

Top Trades by Volume 

The three most actively traded stocks were from the banking space. Zenith Bank was the most actively traded stock today with 288 million shares valued at N6.2 billion traded in 238 deals.

FBN Holdings was next with 40.9 million shares valued at N303 million traded in 316 deals.

Guaranty Trust Bank rounds up the trio with 33.7 million shares valued at N1.2 billion traded in 167 deals.

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