Nigerian shares end 12-day upward push as investors book profits


Nigerian shares settled 0.38 per cent lower on Monday in their first retreat since September 28 as investors moved to lock in profits following a rally in the closing seven trading sessions.

The depression in stock valuation resulted mainly from sell-off in bellwether equities delight in BUA Cement, GTCO and beer-maker Nigerian Breweries.

Market breadth, a gauge of investors’ sentiment in the direction of alternate, closed in the unfavourable after 18 laggards were reported when put next with 17 gainers.

The all-portion index eased by 154.14 capabilities to at 40,714, whereas market capitalisation scaled all the draw in which down to N21.2 trillion.

three hundred and sixty five days to this level, the index is up 1.1 per cent.


NEM led gainers, appreciating by 9.95 per cent to end at N2.10. Champion Breweries grew by 9.52 per cent to whole alternate at N2.30.

ETI went up by 9.52 per cent to N6.90. Royal Exchange rose to N0.62, notching up 8.77 per cent in the blueprint. WAPCO traded up 4.93 per cent to N24.50.


Learn Africa declined by 9.68 per cent to end at N1.40. Sovereign Believe shed 8.33 per cent to whole alternate at N0.22.

Nigerian Breweries fell to N46.50, losing 6.06 per cent in the blueprint. AIICO slumped to N0.90, recording 5.26 per cent depreciation. UPL closed at N1.50, going down by 5.06 per cent.


Altogether, 191.3 million shares estimated at N2.6 billion were traded in 4,395 provides.

FBN Holdings change into once basically the most active stock with 24.2 million of its shares price N234.2 million traded in 365 provides. ETI traded 19.3 million shares priced at N130.4 million in 272 transactions.

Chams had 17.8 million shares valued at N4.2 million alternate fingers in 51 provides. Zenith traded 12.2 million shares estimated at N300.7 million in 278 transactions. GTCO traded 12.1 million shares valued at N343.6 million in 288 provides.

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