Index to Nigerian Newspapers

The local stock market began the trading week on a down note as bad results from BUA Food Pls and 21 other companies caused a N29 billion decline in the market. The All-Share Index dropped by 55.01 percent to conclude at 44,399.66 points, a loss of 0.12%. Corresponding to that, the market capitalization as a whole decreased by N29 billion to end the day at N23.922 trillion. Price declines of major and medium capitalized equities, including those of BUA Foods, Nigerian Exchange Group (NGXGroup), International Breweries, Lafarge Africa, and Fidson Healthcare, were the main cause of the market's poor performance. Consolidated Hallmark Insurance increased by 4.48 percent to close at 70 kobo per share, while Wapic Insurance increased by 6.25 percent to settle at 51 kobo. nonetheless, Veritas Kapital Assurance took the top spot on the losers' ranking by 8.70 per cent to close at 21 kobo, per share.