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Stock Investors Lose for Second Consecutive Day This Week

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Stock Investors Lose for Second Consecutive Day This Week

Nigerian equities market declined on Tuesday to extend its bearish trend by another 0.07 percent this week.

During the trading hours of Tuesday, Transcorp led the most traded stocks with 42,940,581 shares valued at N50,240,479.77 while this was followed by Japaul Gold’s 39,588,880 shares worth N50,871,840.63.

Japaul Gold remained Nigeria’s most traded stock in 2021 so far and closed with a 56.70 percent gain last week with stock investors projecting around N5 per share once the company and H&H Mines Limited closed its ongoing deal.

Stock investors traded a total of 525,006,911 shares valued at N5.337 billion in 5,965 deals on Tuesday.

The market value of listed stocks declined by N16 billion from N21.491 trillion recorded on Monday to N21.475 trillion on Tuesday.

The Nigerian Stock Exchange All Share Index declined by 0.07 percent to 41,051.63 index points, down from 41,082.38 index points on Tuesday.

Top Trades in the Nigerian Stock Exchange Tuesday, January 19, 2021

Symbols Volume Value
TRANSCORP 42,940,581 N50,240,479.77
JAPAULGOLD 39,588,880 N50,871,840.63
ZENITHBANK 28,524,941 N745,993,748.10
BUACEMENT 25,699,145 N2,048,857,020.90
COURTVILLE 21,974,395 N5,327,275.31

Top Gainers in the Nigerian Stock Exchange Tuesday, January 20, 2021

Symbols Last Close Current Change %Change
NB N60 N61 1 1.67%
FLOURMILL N31 N32 1 3.23%
NNFM N7.41 N8 0.59 7.96%
PRESCO N74 N74.5 0.5 0.68%
WAPCO N24 N24.5 0.5 2.08%

Top Losers in the Nigerian Stock Exchange Tuesday, January 20, 2021

Symbols Last Close Current Change %Change
ARDOVA N19.7 N18 -1.7 -8.63%
BUACEMENT N79.9 N79 -0.9 -1.13%
UACN N8.35 N7.9 -0.45 -5.39%
ACCESS N9.6 N9.25 -0.35 -3.65%
UBA N9.1 N8.9 -0.2 -2.20%

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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