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Nigerian stocks extend loss as sell pressure weighs on consumer goods shares

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Profit-taking in the shares of Honeywell Flour, Nigerian Breweries, UACN and Dangote Sugar set Wednesday’s slide in motion.

AIICO led gainers, appreciating by 4.04 per cent to close at N1.03. Custodian added 3.15 per cent to end trade at N6.55.

Chams went up 6.25 per cent to N2.80. Fidelity rose to N2.41, notching up 2.55 per cent. AIICO completed the top 5, climbing by 0.95 per cent to N2.13.FTN Cocoa declined by 8.77 per cent to close at N0.52. Morison fell to N1.92, losing 5.42 per cent. UPDC dipped to N1.77, recording 4.84 per cent depreciation. Jaiz shed 4.76 per cent to close at N0.60. Wema closed at N0.82, going down by 4.65 per cent.Transcorp was the most active stock with 28.5 million units of its shares worth N25.8 million traded in 124 deals. Zenith transacted 16.6 million shares priced at N39.8 million in 327 trades.

Honeywell traded 13.2 million shares estimated at N54.9 million in 298 transactions. UCAP traded 12.8 million shares valued at N91.4 million in 99 deals. Mutual Benefits had 8.3 million shares valued at N2.5 million traded in 20 deals.

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