Business Dangote Cement, Guinness, Nestle Lose As NSE Capitalisation Drops - Ventures Africa

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Well capitalised firms ended up losing most on Thursday as trading at the Nigerian Stock Exchange (NSE) ended at a total value of N4,745,051,412.16 ($28.9 million), with Nestle, Guinness, Dangote Cement, and Nigerian Breweries topping the losers’ list.

Nestle which sits atop the losers’ chart ended the day with an N18 ($0.11) loss to close at N1, 102 ($6.7) per share.

Guinness, which tails Nestle on the list, lost N5 to close the day at N212. Nigerian Breweries also shed N4.50 to end the day at N145.50 per share.

Dangote Cement’s loss was N3.96, and it closed at N235. Other top losers were Unilever and Presco.

Source: Ventures Africa
 
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