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Conoil, Dangote Sugar, Vitafoam Drag Stock Market Slightly Down

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Stock Market Depreciated as Dangote Sugar, Conoil, Vitafoam Close in Red

The Nigerian Stock Exchange (NSE) closed slightly in the red on Thursday as Conoil, Vitafoam and Dangote Sugar dragged down the nation’s bourse.

The market capitalisation of listed equities depreciated by N1 billion from N12.665 trillion on Wednesday to close at N12.664 trillion on Thursday.

However, the NSE All-Share Index declined by 0.01 percent from 24,278.07 basis points recorded on Wednesday to settle at 24,276.56 bps.

Activity on the Exchange was low as investors traded 192.081 million shares valued at N2.460 billion in 3,833 transactions on Thursday, against the 232.609 million shares valued at N4.698 billion exchanged in 3,523 transactions on Wednesday. See the details below.

Top Trades

Symbols Volume Value
FIDELITYBK 38,064,606 N68,549,038.51
GUARANTY 23,578,640 N534,467,897.40
ZENITHBANK 23,080,402 N385,442,984.65
ACCESS 11,424,332 N73,860,834.05
UBA 10,604,152 N68,104,489.15

Top Gainers

Symbols Last Close Current Change %Change
GUARANTY N22.5 N22.75 0.25 1.11%
PZ N4.2 N4.35 0.15 3.57%
ETI N4.6 N4.75 0.15 3.26%
ZENITHBANK N16.65 N16.75 0.1 0.60%
LAWUNION N1 N1.07 0.07 7.00%

Top Losers

Symbols Last Close Current Change %Change
CONOIL N21 N18.9 -2.1 -10.00%
VITAFOAM N5.59 N5.07 -0.52 -9.30%
INTBREW N3.95 N3.6 -0.35 -8.86%
ARBICO N1.89 N1.71 -0.18 -9.52%
DANGSUGAR N11.6 N11.5 -0.1 -0.86%

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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