Dangote Cement, Nigeria’s most capitalised quoted company, controls nearly one-third of total market capitalisation of the Nigerian equities’ market.
Dangote Cement’s share price dropped by N3 or 1.64 per cent to close yesterday at N180, orchestrating a general negative market position.
Guaranty Trust Bank, Nigeria’s most capitalised banking stock, followed Dangote Cement with a loss of 94 kobo to close at N25.83. Guinness Nigeria followed with a loss of 23 kobo to close at N92.77. Nigerian Aviation Handling Company declined by 16 kobo to close at N3.32 while Ecobank Transnational Incorporated dropped by 12 kobo to close at N11.38 per share.
Total turnover stood at 410.10 million shares valued at N3.62 billion in 4,179 deals. Banking stocks dominated top activities’ chart. The three most active stocks included Diamond Bank, with 141.36 million shares; FCMB Group, 48.10 million shares and FBN Holdings, with 40.76 million shares.
On the flip side, downstream oil majors continued to lead the gainers. Total Nigeria led the 18-stock gainers’ list with a gain of N13.50 to close at N283.50.
Mobil Oil Nigeria followed with a gain of N8.55 to close at N179.55. Forte Oil rose by N7.76 to close at N163.11. Nigerian Breweries gathered N1.46 to close at N143.50 while PZ Cussons Nigeria rose by 94 kobo to close at N19.90 per share.
