Trading Week Opens Bearish On Nigerian Stock Exchange As Index Drops 0.97%

Trading activities on the Nigerian stock exchange decreased by 21.10% as investors bought 191.70 million shares worth N2.80 billion, in 4,483.00 deals, compared to 242.96 million shares worth N2.68 billion, in 5,169.00 deals exchanged on Friday. Access Bank Plc, Guaranty Trust Bank Plc and Transcorp Plc were the most actively traded stocks on the exchange today in terms of volume, while Nigerian Breweries Plc and Guaranty Trust Bank Plc, topped in terms of value.

The Nigerian Stock Exchanges-All Share Index depreciated by 0.97% (-393.10) to close at 40,051.29 from 40,444.39 attained on Friday. Market capitalisation also decreased to N13.22 trillion from N13.35 trillion the previous trading day. The BGL 50 Index also followed suit with a 0.95% loss to close at 172.55 from 174.21, while the market capitalisation stood at N12.44 trillion from N12.56 trillion recorded on Friday.

A total number of 16 stocks gained on the bourse today while 35 stocks declined leaving 61 stocks unchanged. Ikeja Hotel Plc emerged the toast of investors as it appreciated by 9.77% to close at N2.92 kobo, followed by Skye Bank Plc with a 3.61% gain to close at N2.87. Others on the gainers chart include Sterling Bank Plc, International Breweries Plc and Honeywell Flour Mills Plc. On the flip side Seplat Petroleum Dev. Co. Ltd. topped the losers chart with 5.00% declines to close at N607.53 followed by P Z Cussons Nigeria Plc which declined by 4.98% to close at N30.33 kobo. Others on the losers table include Portland Paints & Products Nigeria Plc, Livestock Feeds Plc and Deap Capital Management & Trust Plc.

Topping the chart amongst the BGL 50 stocks was Skye Bank Plc which appreciated by 3.61% to close at N2.87 kobo, followed by Sterling Bank Plc with a 3.45% gain to close at N2.40. Others on the gainers chart include International Breweries Plc, Honeywell Flour Mill Plc and Nahco Plc. On the flip side Seplat Petroleum Dev. Co. Ltd topped the losers chart with 5.00% decline to close at N607.53 followed by P Z Cussons Nigeria Plc which declined by 4.98% to close at N30.33 kobo. Others on the losers table include; Livestock Feeds Plc, Fidelity Bank Plc and Guinness Nigeria

Author: News Editor

2787 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.

sjdating    

calendar »