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Airtel, Dangote Sugar, GTBank Halt Stock Declines




Airtel, Dangote Sugar, GTBank Bolster Stock Exchange on Wednesday

The Nigerian Stock Exchange (NSE) halted bearish trend on Wednesday as stocks of Airtel Africa, Dangote Sugar and GTBank bolstered the exchange.

The market capitalisation of listed stocks rose by N8 billion to N12.588 trillion, up from N12.580 trillion it closed on Tuesday.

The NSE All-Share Index expanded by 0.06 percent from 24,114.59 basis points to 24,130.26 bps.

Investors traded 208.209 million shares worth N1.762 billion in 3,648 transactions during the trading hours of Wednesday. See the details below.

Top Trades by Volume

Symbols Volume Value
STERLNBANK 77,189,101 N95,713,065.15
UBA 19,823,436 N119,990,870.50
ZENITHBANK 15,953,234 N247,897,649.70
FBNH 12,855,846 N64,970,784.30
FCMB 9,343,520 N17,738,541.12

Top Gainers

Symbols Last Close Current Change %Change
AIRTELAFRI N328.7 N340 11.3 3.44%
DANGSUGAR N11.6 N12.2 0.6 5.17%
GUARANTY N21.3 N21.5 0.2 0.94%
CUTIX N1.69 N1.82 0.13 7.69%
ACCESS N6.1 N6.15 0.05 0.82%

Top Losers

Symbols Last Close Current Change %Change
NB N34.05 N30.7 -3.35 -9.84%
JBERGER N17.2 N15.5 -1.7 -9.88%
STANBIC N30.25 N29 -1.25 -4.13%
PZ N4.5 N4.35 -0.15 -3.33%
CAVERTON N1.95 N1.83 -0.12 -6.15%

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.