Portland Paint

Yesterday, the Nigerian Exchange Limited (NGX) extended its losing streak to two sessions as more blue-chip stocks, such as Portland Paints and Products and BUA Cement, declined, resulting in a 0.72 percent drop in the All-Share Index (ASI). The all-share index (ASI) fell by 283.95 points, or 0.72 percent, to close at 39,022.52, while the total market capitalization fell by N148 billion to N20.339 trillion. Price depreciation in large and medium capitalised stocks, such as BUA Cement, Portland Paints & Products Nigeria, SCOA Nigeria, FBN Holdings, and Zenith Bank, drove the market down. “We expect the performance at the local […]