Stock Market Unchanged on Wednesday
The Nigerian Stock Exchange closed flat on Wednesday after gaining about N5 billion on Tuesday.
Investors traded 218.425 million shares valued at N3.139 billion in 3,896 transactions during the trading hours of Wednesday. Suggesting that investors are holding back to assess the potential of the bourse to sustain the ongoing momentum above the current level.
The Exchange rose above N15.100 trillion last week for the first time in 5 years shortly after the central bank reduced the nation’s monetary policy rate by 100 basis points to stimulate growth. However, economic uncertainties surrounding the projected third-quarter recession and the ongoing youth protest has started impacting business sentiment.
The Nigerian Stock Exchange market capitalisation of listed equities remained unchanged at N14.815 trillion while the Nigerian Stock Exchange index remained flat at 28,344.33 basis points.
Zenith Bank led top traded stocks by volume with 53.046 million shares valued at N1.061 billion. Followed by UBA’s 33.461 million shares worth N223.402 million. See the details below.
Top Traded Nigerian Stocks Today
| ZENITHBANK |
53,046,483 |
N1,060,724,604.10 |
| UBA |
33,461,059 |
N223,401,880.95 |
| GUARANTY |
25,115,996 |
N753,177,434.50 |
| FBNH |
13,678,927 |
N84,528,747.15 |
| WEMABANK |
9,105,078 |
N4,960,739.58 |
Top Gainers Today