Nigeria stocks slump on First day trading as DANGCEM, Lafarge leads losers chart


Nigerian stocks started the New Year the way they ended the last as equities fell by 1.15 percent led by declines in cement companies, banks and brewers.

Heavy weight Dangote Cement fell 1.95 percent to N186 per share, while Lafarge shed 3.61 percent to N12 per share.

Nigerian Breweries led the decline for beer makers as it declined by 8.42 percent to N78.30, while Champion Breweries shed 7.54 percent to N1.84 per share.

Bank stocks like Unity, FCMB, Access and Diamond shed 6.54 percent, 4.76 percent, 4.41 percent and 1.38 percent respectively.

Nigerian equities lost 18 percent in 2018, as foreign capital fled emerging markets on the back of rising interest rates in the United States and slower global growth concerns.

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