Sustained Interest in FBNH Boosts Nigerian Stock Market on Thursday

Strong interest in the FBN Holdings Plc shares boosted the Nigerian Exchange Limited (NGX) on Thursday as FBN Holdings accounted for over 66 percent of the total volume traded on the bourse.

Investors exchanged total shares of 908,059,073 valued at N10.970 billion in 5,151 transactions during the trading hours of Thursday, the FBN Holdings accounted for 66.37 percent or 602,768,564 of the total shares traded.

Market capitalisation of all listed stocks rose to N21.432 trillion while the NGX All-Share Index appreciated by 0.19 percent to 41,129.98 index points.

Champion led gainers with 9.71 percent or N0.27 to close at N3.05 a unit. Afriprud followed with 7.81 percent or N0.50 to settle at N6.90 per share. FBN Holdings came third with a 7.31 percent or N0.80 gain to N11.75 per unit after hitting a new 52-week high at N12 per share.

However, FBN Holdings led the most traded stocks with 602,768,564.00 shares valued at N7,111,934,085.65. An unusual daily trading volume that has led to retail traders insinuating insider dealings. See the table below for more details.

Top Gainers 
Symbols Last Close Current Change %Change
CHAMPION N 2.78 N 3.05 0.27 9.71 %
AFRIPRUD N 6.40 N 6.90 0.50 7.81 %
FBNH N 10.95 N 11.75 0.80 7.31 %
UNIVINSURE N 0.21 N 0.22 0.01 4.76 %
CHAMS N 0.23 N 0.24 0.01 4.35 %

Top Losers

Symbols Last Close Current Change %Change
LEARNAFRCA N 1.40 N 1.26 -0.14 -10.00 %
ETI N 7.35 N 6.75 -0.60 -8.16 %
WAPIC N 0.50 N 0.47 -0.03 -6.00 %
LINKASSURE N 0.60 N 0.57 -0.03 -5.00 %
NEM N 2.02 N 1.93 -0.09 -4.46 %

Top Trades

Symbols Volume Value
FBNH 602768564.00 7111934085.65
GTCO 63749288.00 1811033414.35
CHAMPION 37684373.00 114841679.31
UNIVINSURE 21909509.00 4567506.24
UBA 21174295.00 176701388.65

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

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