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Nigerian Exchange Limited

Wema Bank, Flour Mills, Others Fail to Lift Stock Market Out of Red Zone

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Gains recorded by Wema Bank, Flour Mills and other stocks on Tuesday were not enough to drag the Nigerian Exchange Limited (NGX) from the red zone as more stocks closed negative.

The NGX All-Share Index sheds 0.01 percent to settle at 38,858.99 index points from 38,864.33 index points recorded on Monday while the market value of listed equities depreciated by N3 billion from N20.249 trillion on Monday to N20.246 on Tuesday.

Investors transacted 526,300,850 shares valued at N3.045 billion in 3,535 deals during the trading hours of Tuesday, in contrast to 139,453,012 shares worth N1.713 billion that were exchanged in 3,539 transactions on Monday.

Skyway Aviation Handling Company Plc led gainers with N0.40 or 9.88 percent gain to close at N4.45 a share. Wema Bank followed with N0.04 or 5.13 percent to settle at N0.82 a unit. See the other details below.

Top Gainers
Symbols Last Close Current Change %Change
SKYAVN N 4.05 N 4.45 0.40 9.88 %
WEMABANK N 0.78 N 0.82 0.04 5.13 %
FLOURMILL N 29.35 N 29.90 0.55 1.87 %
UCAP N 8.55 N 8.70 0.15 1.75 %
JAIZBANK N 0.58 N 0.59 0.01 1.72 %

Top Losers

Symbols Last Close Current Change %Change
MANSARD N 2.99 N 2.70 -0.29 -9.70 %
AFRIPRUD N 6.40 N 5.85 -0.55 -8.59 %
REGALINS N 0.44 N 0.41 -0.03 -6.82 %
TRIPPLEG N 0.96 N 0.90 -0.06 -6.25 %
COURTVILLE N 0.35 N 0.33 -0.02 -5.71 %

Top Trades

Symbols Volume Value
HONYFLOUR 402184903.00 1528313092.49
UBA 11121677.00 82701816.95
TRANSCORP 9471634.00 8740427.06
FIDELITYBK 9151378.00 22398183.66
WEMABANK 8712409.00 6758968.85

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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