Nigerian Exchange Limited

Bearish Trend Continues on the Nigerian Stock Exchange Amid Profit-Taking

Bearish Trend Continues on the Nigerian Stock Exchange Amid Profit-Taking

The equities market closed in the red on Wednesday as investors continue to take profit after months of bullish runs.

The Nigerian Stock Exchange All-Share Index declined by 0.10 percent to close at 42,000.01 index points.

While the market value of listed stocks dipped to N21.971 trillion.

Investors traded 504.837 million shares valued at N5.310 billion in 5,887 transactions during the trading hours of Wednesday.

Ardova led gainers with 85 kobo or 4.96 profit while Zenith Bank followed with 65 kobo or 2.47 percent.

Top Gainers

Symbols Last Close Current Change %Change
ARDOVA N17.15 N18 0.85 4.96%
ZENITHBANK N26.3 N26.95 0.65 2.47%
ETERNA N5.2 N5.6 0.4 7.69%
UNILEVER N14.2 N14.6 0.4 2.82%
NCR N3.12 N3.43 0.31 9.94%

Top Losers

Symbols Last Close Current Change %Change
FLOURMILL N33 N32 -1 -3.03%
GUARANTY N33.75 N33.05 -0.7 -2.07%
WAPCO N28 N27.55 -0.45 -1.61%
CHAMPION N3.76 N3.39 -0.37 -9.84%
ETI N6.2 N5.9 -0.3 -4.84%

Top Trades by Volume

Symbols Volume Value
UBN 75,550,014 N434,420,724.15
GUARANTY 60,667,157 N2,010,439,413.60
FCMB 50,404,374 N173,546,396.18
TRANSCORP 44,350,533 N45,914,240.13
ZENITHBANK 31,504,267 N831,983,780.00

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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