Stock Market

Stock Market Resumes Bearish Trend on Friday as Seplat, BUA, Others Decline

NSE Resumes Downward Trend as Seplat, BUA, Others Decline

Seplat led losers on Friday to force the Nigerian Stock Exchange to resume its bearish trend started in June.

The market capitalisation of listed equities declined by N44 billion from N12.787 trillion it closed on Thursday to N12.743 trillion on Friday.

While the NSE All-Share Index declined by 0.34 percent from 24,512.27 basis points to 24,427.73 bps on Friday.

However, activity level was positive as investors traded 174.199 million shares valued at N2.385 billion in 3,723 transactions, against 164.289 million shares valued at N164.289 million in 2,986 transactions on Thursday. See the details below.

Top Trades by Volume

Symbols Volume Value
ZENITHBANK 34,572,651 N537,548,153.05
FBNH 28,129,228 N140,124,045.50
UBA 14,495,062 N87,932,053.55
ACCESS 9,761,665 N60,345,387.15
NB 9,718,219 N301,305,104.80

Top Gainers

Symbols Last Close Current Change %Change
JBERGER N15.5 N17.05 1.55 10.00%
STANBIC N29 N30 1 3.45%
CUSTODIAN N5 N5.5 0.5 10.00%
DANGSUGAR N11.7 N11.9 0.2 1.71%
NAHCO N2.03 N2.2 0.17 8.37%

Top Losers

Symbols Last Close Current Change %Change
SEPLAT N386 N347.4 -38.6 -10.00%
BUACEMENT N40 N39 -1 -2.50%
UNILEVER N12.85 N12.25 -0.6 -4.67%
UBA N6.1 N6 -0.1 -1.64%
WAPCO N11 N10.95 -0.05 -0.45%

 

Samed Olukoya

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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