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Nigerian Stock Exchange Continues its Downward Trend on Monday

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4 years ago

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Nigerian Exchange Limited - Investors King

Nigerian Stock Exchange Continues its Downward Trend on Monday

Equities market in Africa’s largest economy opened the weak lower as the bearish trend persists amid continuous profit-taking.

Investors traded 289.338 million shares valued at N3.574 billion in 4,953 transactions during the trading hours of Monday.

The market capitalisation of listed stocks declined by N17 billion from N21.026 trillion it closed on Friday to N21.009 trillion on Monday.

While the Nigerian Stock Exchange All-Share Index depreciated by 0.08 percent to 40,154.09 index points, down from 40,186.70 index points recorded on Friday.

Afriprud led the losers’ chart with a 70 kobo or a 9.59 percent decline. See the details below.

Top Losers

Symbols Last Close Current Change %Change
FRIPRUD N7.3 N6.6 -0.7 -9.59%
LASACO N1.68 N1.52 -0.16 -9.52%
NIGERINS N0.23 N0.21 -0.02 -8.70%
WAPCO N25 N23 -2 -8.00%
REDSTAREX N3.37 N3.12 -0.25 -7.42%

Top Gainers

Symbols Last Close Current Change %Change
UPDCREIT N5.35 N5.85 0.5 9.35%
CHIPLC N0.33 N0.36 0.03 9.09%
ACADEMY N0.35 N0.38 0.03 8.57%
CORNERST N0.64 N0.69 0.05 7.81%
UPL N1.2 N1.29 0.09 7.50%

Top Trades

Symbols Volume Value
FBNH 57,556,050 N419,712,708.70
UCAP 27,443,887 N167,340,384.50
GUARANTY 26,846,793 N820,545,362.40
UBA 25,197,443 N210,949,731.80
ZENITHBANK 21,749,034 N540,276,662.40

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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