Nigerian Exchange Limited
Stock Market Loses N426 Billion as Bearish Trend Continues
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% |