ADVERTISEMENT

NBL, Forte Oil, Cadbury, others lost N73bn in the stock market

The previous week, the stock market experienced some bearish trends whereby as much as 30 top companies in the country lost substantial amount of money of their share price.

The Stock market

Nigerian Breweries, Forte Oil, Cadbury Nigeria, Unilever Nigeria as well as Guinness Nigeria were some of the biggest losers in the equities market this week as they shed a combined N73 billion in their share prices.

But for some companies, it was bullish all the way as 25 companies recorded share price gain as against the 30 that lost leading to a 0.62% decline in the Nigerian Stock Exchange (NSE) All Share Index (ASI).

The NSE ASI declined to 34,507.85 points from 34,721.61 points the previous week while the equities market capitalisation dipped to N11.758trn from N11.831trn.

In 5,668 deals, equity buyers exchanged 354.453million units valued at N3.289bn.

ADVERTISEMENT

Forte Oil plc led the losers’ table after its share price declined from N200 to N193.1, after losing N6.9, while Guinness Nigeria plc also dipped from N168 to N161.99, down by N6.01.

Nigerian Breweries plc dipped from N160.84 to N157.02, down by N3.82, just as Cadbury Nigeria plc declined from N41.01 to N39.2, down by N1.81, while Unilever Nigeria plc dipped from N41.65 to N40.01, losing N1.64.

Leading the gainers chart was Nestle Nigeria plc adding N7, to leap from N940 to N947. 7-Up Bottling Company plc gained N6.9, from N163.1 to N170 while PZ Cussons Nigeria plc added N1.35, from N27 to N28.35.

Flour Mills of Nigeria plc added N0.72, from N35.7 to N36.42 just ase Oando plc rose from N18.69 to N19.01, adding N0.32.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Tinubu’s refusal to celebrate 72nd birthday marks great leadership - Rahman

Tinubu’s refusal to celebrate 72nd birthday marks great leadership - Rahman

Adamawa Police reaffirms ban on motorcycles in Yola

Adamawa Police reaffirms ban on motorcycles in Yola

You make bold decisions & live with consequences - Ondo Gov hails Tinubu at 72

You make bold decisions & live with consequences - Ondo Gov hails Tinubu at 72

170 electrical vandalism cases in 2 years, 100 charged to court - EEDC

170 electrical vandalism cases in 2 years, 100 charged to court - EEDC

Tinubu appoints Bello as chairman of code of conduct bureau

Tinubu appoints Bello as chairman of code of conduct bureau

Don't curse, condemn Nigeria in your sermons - Tinubu tells clerics

Don't curse, condemn Nigeria in your sermons - Tinubu tells clerics

Lagos postpones eagerly anticipated Easter boat regatta indefinitely

Lagos postpones eagerly anticipated Easter boat regatta indefinitely

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping

Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT