Stock Market

Stock Investors Lose N6 billion on Thursday but Stock Market Remains Bullish 

Nigerian Stock Exchange

Stock Market Remains Bullish Despite Slight Decline on Thursday

The Nigerian Stock Exchange (NSE) maintained its bullish trend above the N16 trillion market value on Thursday despite a slight decline.

The NSE All-Share Index declined by 0.01 percent from 30,741.88 basis points it closed on Wednesday to 30,738.92 bps on Thursday while the market capitalisation of the Nigerian Stock Exchange dipped by N6 billion from N16.068 trillion recorded on Wednesday to N16.062 trillion.

Investors traded total shares of 430.121 million worth N6.619 billion in 4,319 transactions during the trading hours of Thursday, against the 286,446 million shares valued at N3.095 billion exchanged in 2,889 transactions on Wednesday.

First Bank led in terms of volume traded with 61,492,912 shares valued at N390,604,278. This was trailed by Bua Cement’s 50,275,230 shares worth N2,284,311,145.15.

Access Bank, Transcorp and Zenith Bank followed with 46,235,997, 38,542,495 and 35,991,832 shares valued at N373,696,787.95, N29,576,586.47 and N787,370,328.60, respectively.

Leading the top gainers’ chart was Afriprud with 9.35 percent. See the details below.

The Nigerian Stock Exchange remained bullish given the series of strong third-quarter reports and the positive support from the Central Bank of Nigeria’s monetary policy adjustment.

Also, the banks are yet to release their third-quarter report, strong financial reports from the banking sector could further boost the second gaining stock market in the world to almost N16.500 trillion.

Nigerian Stock Exchange Top Gainers for Thursday, November 4, 2020

Symbols Last Close Current Change %Change
AFRIPRUD N5.67 N6.2 0.53 9.35%
UNILEVER N13.7 N14.1 0.4 2.92%
GUARANTY N32.1 N32.3 0.2 0.62%
FBNH N6.3 N6.45 0.15 2.38%
LEARNAFRCA N1.05 N1.15 0.1 9.52%

Nigerian Stock Exchange Top Losers for Thursday, November 4, 2020

Symbols Last Close Current Change %Change
FLOURMILL N28.4 N27.6 -0.8 -2.82%
INTBREW N6.9 N6.5 -0.4 -5.80%
FIDSON N4.4 N4.1 -0.3 -6.82%
UBN N5.5 N5.3 -0.2 -3.64%
GLAXOSMITH N5.9 N5.8 -0.1 -1.69%

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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Samed Olukoya
4 years ago

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