Stock Market Ends Five-day Losing Streak As Index Sheds 0.76%

Trading activities on the Nigerian Stock Exchange decreased by 30.84% todayas investors bought 362.56 million shares worth N3.86 billion, in 4,846.00 deals, compared to 524.22 million shares worth N7.65 billion, in 4,779.00 deals exchanged on Thursday. Access Bank Plc, Fidelity Bank Plc and Transcorp Plc were the most actively traded stocks on the exchange today in terms of volume, while Access Bank Plc and Ecobank Transnational Incorporated topped in terms of value.

The Nigerian Stock Exchanges-All Share Index depreciated by 0.76% (-292.94) to close at 38,197.73 from 38,490.67 attained on Thursday. Market capitalisation also decreased to 12.61 trillion from N12.71 trillion the previous trading day. The BGL 50 Index also followed suit with a 0.87% loss to close at 164.24 from 165.68, while the market capitalisation stood at N11.85 trillion from N11.95 trillion recorded on Thursday.

A total number of 13 stocks gained on the bourse today while 39 stocks declined leaving 60 stocks unchanged FBNH Plc emerged the toast of investors as it appreciated by 7.27% to close at N11.80 kobo, followed by Diamond bank Plc with a 4.85% gain to close at N5.84 kobo. Others on the gainers chart include Academy Press Plc, Npf Microfinance Bank Plc and Forte Oil Plc. On the flip side Learn Africa Plc topped the losers chart with 9.03% declines to close at N1.31 followed by Seplat Plc which declined by 5.00% to close at N548.31 kobo. Others on the losers table include Caverton Offshore Support GRP Plc, Airline Services And Logistics Plc and Lafarge Wapco Plc.

Topping the chart amongst the BGL 50 stocks was FBNH Plc. which appreciated by 7.27% to close at N11.80 kobo, followed by Diamond Bank Plc with a 4.85% gain to close at N5.84%. Others on the gainers chart include Forte Oil Plc, Stanbic IBTC Holdings Plc and Zenith Bank Plc. On the flip side Seplat Plc topped the losers chart with 5.00% decline to close at N548.31 followed by Lafarge Wapco Plc which declined by 4.96% to close at N11.06 kobo. Others on the losers table include; Mobil Oil Nigeria Plc, Nascon Plc and Continental Reinsurance Plc.

Author: News Editor

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