NSE: Unilever, Dangote Cement, Guinness lead losers as bear run continues | Ripples Nigeria
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NSE: Unilever, Dangote Cement, Guinness lead losers as bear run continues



The bear run on the Nigerian bourse continued Wednesday as sell pressure in blue-chip stocks caused key performance indices to end in the red. A negative market breadth was recorded as 26 losers emerged against 6 gainers.

The All Share Index (ASI) fell by 0.94% to close at 21,100.54 basis points. The market capitalisation slumped to N10.997 trillion at the end of today’s trade. Year to date, the index is down by 21.39%


MTNN led gainers, growing by 9.33% to close at N98.40. International Breweries gained 9.18% to close at N5.35. Livestock rose by 8.47% to N0.64. Cadbury leapt to N7.10, notching up 4.41% in the process. NAHCO completed the top 5, climbing up by 4% to N2.60.


Unilever topped the losers’ table, declining by 10% to close at N9.90. Dangote Cement shrank by 9.95% to end at N116.80. Guinness tumbled to N22.70, losing 9.92%. Flour Mills dipped to N19.15, recording 9.88% loss. ETI closed at N4.05, going down by 8.99%.

READ ALSO: Nigerian govt makes another cut in petrol price, now N123.5 per litre


154.551 million shares worth N1.767 billion were traded today in 3,415 deals.

Zenith Bank was the most preferred stocks today with 38.672 million of its stocks worth N443.546 million traded in 800 deals. 22.252 million units of GTB shares priced at N391.056 million exchanged hands in 477 transactions. FBN Holdings had 14.937 million shares valued at N58.643 million traded in 262 deals. Access traded 14.109 million shares estimated at N81.362 million in 211 transactions. Fidelity Bank traded 10.654 million shares valued at N18.862 million in 92 deals.

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