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NSE: PZ, Lasaco Assurance depress investors’ wealth by N234bn

The equities market started the week Tuesday on a negative note – halting three consecutive sessions of gains as profit taking in 32 equities led by PZ Cusson Nigeria Plc, Linkage Assurance Plc and FBN Holdings Plc dragged the investors’ wealth down by N234 billion.

Consequently, the twin market indicators – the All Share Index, ASI, and the market capitalisation closing lower by 1.53 percent to N15.068 trillion and 41,988.18 points respectively.

At the end of transaction today, PZ Cusson, which led the pack, dropped by eight percent to close at N23.00 from N25.00, followed by Lasaco Assurance with 6.03 percent decline to close at N0.31 from N0.33 per share.

Nigeria Enamelware Plc placed third, depreciating by 4.95 percent to close at N22.10 from N23.25. FCMB Group Plc closed as the fourth, recording 4.89 percent decrease to close at N2.53 from N2.66 per share, while FBN Holdings Plc was down 4.88 percent to close at N11.70 from N12.30 per share.

Conversely, 16 equities appreciated in price led by Linkage Assurance Plc with 9.09 percent increase to close at N0.96 from N0.88. Livestock Feeds Plc ranked second, rising by five percent to close at N1.05 from N1.00. Fidson Healthcare Plc rose by 4.92 percent to close at N4.69 from N4.47 per share.

Axamansard Insurance Plc was the next as its share price rose by 4.91 percent to close at N2.78 from N2.65, while Jaiz Bank closed the list of top five gainers, appreciating by four percent to close at N1.04 from N1.00 per share.


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