At the end of Tuesday’s trading session, Lafarge (Wapco) Plc share price depreciated by 2.55% to close at N26.80 per share, taking the market capitalization from N442.96 billion to N431.69 billion.
The cement producer recorded a loss in share price which can be attributed to investors’ negative sentiment which triggered sell-pressures in the shares of the company supporting a loss of N11.28 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.
The shares of the quoted company declined from N27.50 per share at the start of the trading day, to N26.80 per share, to represent a loss of 2.55% which in monetary terms is N0.70.
The sell-pressure witnessed in the shares of WAPCO negatively influenced the company’s market capitalization from N442.96 billion to N431.69 billion at the end of the day’s trading activities, taking the loss to N11.28 billion.
The shares of WAPCO have appreciated by 27.32% from year-to-date, starting the year at N21.05 and currently traded at N26.80. However, the shares of the company have returned about 45.26% gains for investors who bought them at their 52-week low trading price of N18.45 per share.