Nigerian Exchange Limited

Stock Market Loses N426 Billion as Bearish Trend Continues

Profit-taking continues to drag on the Nigerian Stock Exchange on Wednesday as 35 stocks emerged losers while just 13 closed in the green.

Fidson led losers with a 10 percent or 60 kobo decline to N5.4 per share. While Nigerins led gainers with a 10 percent gain to close at 22 kobo per share.

Investors traded 366.859 million shares valued at N5.483 billion in 5,718 deals.

Nigerian Stock Exchange All-Share Index depreciated by 1.96 percent to 40,696.01 index points.

The market value of listed stocks shed N426 billion to N21.289 trillion during the trading hours of Wednesday.

Zenith Bank was the most traded stock with 43,741,847 shares worth N1,102,749,575.60 as shown below.

Top Trades

Symbols	Volume	Value
ZENITHBANK	43,741,847	N1,102,749,575.60
FBNH	40,029,320	N289,260,974.00
GUARANTY	35,980,382	N1,167,520,143.20
COURTVILLE	35,118,870	N7,024,170.75
TRANSCORP	23,738,732	N23,228,175.90

Top Gainers

Symbols	Last Close	Current	Change	%Change
NIGERINS	N0.2	N0.22	0.02	10.00%
CHAMPION	N2.75	N3.02	0.27	9.82%
WAPIC	N0.54	N0.58	0.04	7.41%
ACADEMY	N0.33	N0.35	0.02	6.06%
GUINNESS	N19.65	N20.6	0.95	4.83%

Top Losers

Symbols	Last Close	Current	Change	%Change
FIDSON	N6	N5.4	-0.6	-10.00%
CAP	N20	N18	-2	-10.00%
REGALINS	N0.3	N0.27	-0.03	-10.00%
SOVRENINS	N0.3	N0.27	-0.03	-10.00%
SUNUASSUR	N0.9	N0.81	-0.09	-10.00%

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.