DANGOTE, BUACEMENT weigh on Nigerian stocks, despite gains from Zenith Bank, GTBank
BUACEMENT (-6.42%) and DANGCEM (-3.42%) were the major drivers of the plunge, despite the latter's announcement of an N16/share dividend.
BUACEMENT (-6.42%) and DANGCEM (-3.42%) were the major drivers of the plunge, despite the latter's announcement of an N16/share dividend.
Investor sentiment as measured by the market breadth closed negative with 12 advancers and 47 decliners.
Backward Integration policies have only worked to help a few people boost their already fat pockets.
Nigerian cement stocks have been battered since February.
NSE Industrial declined by 5.7% to close at 1,922.02 index points.
The market breadth closed positive as UAC-PROP led 31 Gainers as against 9 Losers topped by LIVESTOCK.
Year-to-date return and market capitalization improved by the same margin to settle at 1.90% and N21.45 trillion, respectively.
The overall performance of the companies was bearish as the index closed on a negative note with five losers.
The market breadth closed negative as MAYBAKER led 21 Gainers as against 24 Losers topped by NNFM at the end ...
With 50 losers to 14 gainers, sectoral indices closed mostly negative, as the NSE Insurance Index led the decliners with ...
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