Lafarge, Dangote Cement, PZ, others drag market down

29 September 2014

Losses recorded in the shares prices of Lafarge Africa plc, Dangote Cement plc, PZ Cussons Nigeria plc, Conoil plc, and Access Bank plc contributed to the stock market’s 0.07% decline. After trading yesterday, 29 stocks gained while 22 stocks declined, leaving 51 stocks unchanged.

Lafarge Africa led losers after its share price dropped from N128.5 to N126.99, losing N1.51; followed by Dangote Cement, which lost N1.02, from N225 to N223.98.

The Nigerian Stock Exchange (NSE) All Share Index depreciated by 0.07% (or 29.32 points) and closed yesterday at 40,780 points from a high of 40,809.32 points
recorded the preceding trading day. In the same vein, market capitalisation decreased by N1 billion to N13.47 trillion from N13.48 trillion the preceding trading day.

Read the latest issue

Latest Issue