MTN Nigeria, Oando, GTBank Fail to Rescue Stock Investors

Nigerian Stock Investors Lose N21 billion on Thursday

The Nigerian Stock Exchange resumed bearish trend on Thursday despite MTN Nigeria, Oando and GTBank leading gainers’ table.

The NSE All-Share Index depreciated by 0.16 percent from 24,972.89 basis points reported on Wednesday to 24,933.41 bps on Thursday.

Also, the market capitalisation of listed equities declined by N21 billion from N13.027 trillion on Wednesday to close at N13.006 trillion on Thursday.

Similarly, the volume traded declined as 171.208 million shares valued at N2.210 billion were traded in 3,315 transactions during the trading hours of Thursday. This was lower than the 265.964 million shares worth N2.708 billion traded on Wednesday.

In terms of volume traded, FCMB led with 32.360 million shares valued at N55.664 million. This was followed by GTbank’s 29.396 million shares worth N707.906 million while FBNH, UBA and Access added 10.730 million, 9.859 million and 9.173 million shares valued at N54.444 million, N63.005 million and N62.420 million.

Top Gainers

MTN Nigeria led top gainers with 50 kobo to close at N115.5 per share. C&I leasing appreciated by 40 kobo to settle at N4.6 per share. Oando, GTBank and AIICO gained 10 kobo, 10 kobo and 0.8 kobo to close at N2.55 per share, 23.1 per share and N0.97 per share, respectively.

Top Losers

Nigerian Breweries led with N4 depreciation to close at N38. This was followed by 33 kobo decline from Fidson, 18 kobo depreciation from Neimeth, NPFMICRFBK lost N1.4 kobo and JAIZ Bank declined by 61 kobo on Thursday.