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%

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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