Stock Market Slides as BUA Cement and Cadbury Sell‑offs Wipe ₦444 Billion in Value

The Nigerian stock market experienced a significant decline today as sell‑offs in BUA Cement and Cadbury Nigeria Plc led to a loss of ₦444 billion.

The market capitalisation fell by ₦444 billion, marking a 0.49% drop and bringing total value to ₦90.996 trillion at close. The Nigerian Stock Exchange All‑Share Index lost 698.56 points, falling to 143,064.57 from the previous 143,763.13.

The downward trend was also influenced by declines in stocks such as Meyer Plc, UPDC Plc, and International Breweries Plc, adding pressure to the market.

Despite the slump, market activity increased, with a total of 738.35 million shares worth ₦35.5 billion traded across 19,919 deals, up from 556.2 million shares worth ₦18.7 billion in 19,500 deals recorded previously.

The session highlights a volatile market, driven by significant sell‑offs in major stocks, even as trading volumes remain strong.