August 9, 2018 / 10:50 AM / 8 days ago

Nigeria's Notore drops 8.8 pct in one week after debut listing

LAGOS, Aug 9 (Reuters) - Nigeria’s Notore Chemical shares dropped to 57 naira each in Thursday’s session, losing 8.8 percent in a week after its debut stock market listing in Lagos.

The stock quickly rose to 62.50 naira, its listing price, on thin volumes.

The fertiliser company on Thursday said loss before tax for the nine-month widened to 3.94 billion naira. (Reporting by Chijioke Ohuocha; editing by David Evans)

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