Unilever, GTBank, Flour Mill, Zenith Bank Drag Down Stock Market

The Nigerian Stock Exchange (NSE) resumed bearish trends on Thursday as premium stocks failed to perform.

The NSE All-Share Index declined by 0.90 percent from 24,479.22 basis points it closed on Wednesday to 24,374.40 bps on Thursday.

While market capitalisation of listed equities depreciated by N115 billion from N12.830 trillion on Wednesday to N12.715 trillion on Thursday.

Activity level was mixed as investors traded 180.121 million shares valued at N1.847 billion in 3,889 transactions during the trading hours of Thursday, compared to the 198.011 million shares worth N1.036 billion traded in 3,772 deals on Wednesday.

In terms of volume traded, United Bank for Africa led with 23,927 million shares valued at N153.170 million. This was followed by First Bank of Nigeria Holdings’ 21.568 million shares worth N110.470 million exchanged by investors.

Guaranty Trust Bank, Transcorp and Zenith Bank followed with 21.094 million shares, 16.814 million shares and 15.538 million shares valued at N446.003 million, N10.431 million and N234.467 million, respectively.

Top Gainers

Redstarex led with 15 kobo or 4.76 percent gain to close at N3.3 per share. This was closely trailed by Neimeth’s 14 kobo or 9.40 percent gain. Neimeth settled at N1.63 per share.

NAHCO, Jaiz Bank and Unity Bank gained 11 kobo or 5.53 percent, 4 Kobo or 7.27 percent and 3 kobo or 6.38 percent to close at N2.1 per share, 59 kobo per share and 50 kobo per share, respectively.

Top Losers

Unilever led with N1.5 or 9.80 percent decline to close at N13.8 per share. Guaranty Trust Bank followed with N1.15 or 5.26 percent depreciation to settle at N20.7 per share.

Flour Mill, Zenith Bank and Cadbury added N1 or 5.36 percent decline, 90 kobo or 5.73 percent depreciation and 65 kobo or 8.78 percent decline to close at N17.65 per share, N14.8 per share and N6.75 per share, respectively.