Tradings on the Nigerian Stock Exchange (NSE) closed bearish on Thursday 10th October 2019 as key market growth indices continue tanking.

 The negative trend was as a result of major losses incurred by Custodian Plc, Flour Mills, Ecobank, UBA, and Fidson Healthcare. They depreciated by -5.83%, -1.67%, -2.63%, -1.67%, and -1.37% respectively .  

The NSE All-Share Index (ASI) dips marginally by -0.06% to close at 26,598.94 basis points. The NSEASI Year-to-Date currently stands at -15.42%. The NSE Market Capitalization declined by N7.39 billion for the day to close at N12.94 trillion.

A total number of 363.26 million shares units exchange hands in 2,650 deals worth N19.01 billion. 

Dangote Cement was the most traded stock for the day. The industrial goods firm traded heavily for the day. Dangote Cement led the volume and value activities charts for the day.

The firm transacted 114.69 million shares units worth N16.63 billion. The main reason for the high voluminous trade is because Dangote Cement is currently trading at a 52 week low. The Pan-African giant shares price currently stands at N145. 

Access Bank Plc transacted 80.66 million shares units valued at N592.73 million. First City Monument Bank completed the top three traded stocks for the day. The lender sold 51.64 million shares units worth N82.63 Million. 

Dangote  Cement, Access Bank, and Zenith led the top three traded stocks by value. They added N16.63 billion, N592.73 million, and  N314.69 million respectively to the total market equity. 

Learn Africa Plc was the best-performing stock for the day. The stock appreciated by 9.82% to close at N1.23. Livestock Feeds Plc was up by 9.30% to close at 47 Kobo. United Capital Plc completed the top three gainers for the day. The stock advanced by 7.50% to close at N2.15.

On the flip side, Wapic Insurance Plc was the worst-performing stock for the day. The stock declined by -8.57% to close at 32 Kobo. Linkage Assurance Plc depreciated by -7.84% to close at 47 Kobo. Custodian Investment Plc rounded the top three losers for the day. The stock went down by -5.83% to close at N5.65. 

Source: https://financialmetricsnigeria.com/dangote-cement-boosts-nigerian-stock-market-by-n16-23bn/

Cc: Lalasticlala, Mynd44, Dominique, and MissyB3.

Nice one let me check my old share if it's gone up

Dangote baba! Nigeria Economy Godfather. Nice one Danbaba.

The innocent lives his trucks has been taking as finally paid off for the umpteenth time. Blood money

I wonder Nigeria without Dangota.

Wow, Dangote still dey find money o.

God bless my dear NIGERIA

UnknownJr:
Wow, Dangote still dey find money o.

Nigeria without Dangote, is a Nigeria free of unreasonable monopoly...

The biggest investor in Nigeria today. What a mantle to wear.

What I still failed to understand about this Dangote cement is... These cement doesn't have so much competition in here Nigeria and and goods is surplus but the price does not still drop.


Why is so... Can someone, please, help explain?

Dangote was my uncle before, I willingly disowned him...

52 week low?

Na wa ohh.....Buharism.

Nice development �


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tpadua22:
Dangote was my uncle before, I willingly disowned him...

See ur chapped lips and yellow teeth

This is good.

Nice one

Imagine the kind of country we will have if every of our pot belly politicians invest in Nigeria like this man and employ people

And his truck has killed more people than Aids

ayomide8990:
I wonder Nigeria without Dangota.

That's why we need Innosson or other Nigerian conglomerates to Break even, everyone will be a winner.

Kennitrust:
What I still failed to understand about this Dangote cement is... These cement doesn't have so much competition in here Nigeria and and goods is surplus but the price does not still drop.


Why is so... Can someone, please, help explain?

Even dangote cement is sold cheaper in other countries...the man just dey rob us dey form business man...

Hustle o

For educational and empowering stuff like this affecting the economical climate of Nigeria, you won't see much comments...

It shows the intellectual capacity of the average Nigerian youth. They're not well informed about the real factors affecting their futures. Yet, they blame the gov't for everything. Now if it was BB9ja.... haba.. comments go don full ground.

Foolish Nigerian Youths... You've all sold your rights and futures to these old Political Fools... keep it up! They'll keep deciding your fates and futures for you.

FuckDaMods:
The innocent lives his trucks has been taking as finally paid off for the umpteenth time. Blood money

Please na, just shut up na.... please

Kennitrust:
What I still failed to understand about this Dangote cement is... These cement doesn't have so much competition in here Nigeria and and goods is surplus but the price does not still drop.


Why is so... Can someone, please, help explain?

it's called monopoly.

especially when backed by govt.

aka, benefitting from d suffering of others.

just like our politicians.

Nigeria Busy with tax raise why Unemployment rate keeps dropping in the US...[b]

How do you explain it.

I am yet to see any cause geared towards reduction of unemployment rate in Nigeria. Please if there iis any, that is successful with statistics and has been consistent, kindly point me to that direction.

Read more on this here...https://www.9to5.com.ng/2019/10/10/the-us-unemployment-rate-dropped-to-a-50-year-low-at-3-5/

Monopolistic stupid man, Dangoat.

His competitors have been eliminated, ibeto cement was doing real good before he got shut down. BUA has never been a competition.

Deepfreezer:
His competitors have been eliminated, ibeto cement was doing real good before he got shut down. BUA has never been a competition.

BUA is a competition up north here. I don't agree with the notion that Dangote monopolies the cement industry cos apart from Dangote cement, we have BUA, Lafarge, Sokoto Cement and one northern cement like that and they are all doing well, but it is just that Dangote cement is the biggest of them all.