The Nigeria stock market yesterday ended the first trading session in March in the green following price upticks in BUA Cement and 11 others, which translated to N69 billion gains.
Analysts at Afrinvest said, “Although, we are not optimistic about gains this week as investor sentiment remains weak, we expect earnings releases and dividends declaration to influence trading activity.” BUA Cement rose by 3.82 per cent to close at N74.75, while Neimeth International Pharmaceuticals appreciated by 2.73 per cent to close at N1.88. On the other hand, NASCON Allied Industries led the losers’ chart by 9.97 per cent to close at N14.45, per share. Champion Breweries followed with a decline of 9.92 per cent to close at N2.27, while PZ Cussons Nigeria shed 9.43 per cent to close at N4.80, per share.
The total volume of trades increased by 7.2 per cent to 543.987 million units, valued at N1.888 billion, and exchanged in 4,673 deals.