Nigerian Exchange Limited

Weak Sentiment Weighs on Nigerian Stocks, Investors Lose N19 Billion

Published

3 years ago

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Investors at the Nigerian Exchange Limited (NGX) lost N19 billion on Wednesday as profit taking amid low trading activities dragged on the Exchange.

Investors exchanged 292.936 million shares worth N2.059 billion in 4,899 transactions during the trading hours of Wednesday, in contrast to the 318.974 million units valued at N3.278 billion transacted in 5,492 deals on Tuesday.

NGX All-Share Index depreciated by 0.09 percent to 41,975.45 index points from 42,013.39 index points filed on Tuesday. Market value also dipped by N19 billion from N21.925 trillion recorded on Tuesday to N21.906 trillion on Wednesday.

Universal Insurance Plc led gainers with N0.02 or 10 percent to settle at N0.22 per share. Followed by Multiverse Mining and Exploration Plc’s N0.02 or 10 percent to also close at N0.22 a unit. Honey Flour came third with N0.31 or 9.78 percent to close at N3.48 per unit.

On the other hand, Lasaco Assurance Plc declined by N0.11 or 9.40 percent to N1.06. Sovereign Trust Insurance Plc followed with a decline of N0.02 or 8.33 percent to N0.22 a unit. See below for further details.

Top Five Gainers

Symbols Last Close Current Change %Change
UNIVINSURE N 0.20 N 0.22 0.02 10.00 %
MULTIVERSE N 0.20 N 0.22 0.02 10.00 %
HONYFLOUR N 3.17 N 3.48 0.31 9.78 %
STERLNBANK N 1.46 N 1.56 0.10 6.85 %
WAPIC N 0.48 N 0.51 0.03 6.25 %

Top Five Losers

Symbols Last Close Current Change %Change
LASACO N 1.17 N 1.06 -0.11 -9.40 %
SOVRENINS N 0.24 N 0.22 -0.02 -8.33 %
CHAMS N 0.24 N 0.22 -0.02 -8.33 %
ARDOVA N 14.60 N 13.50 -1.10 -7.53 %
LINKASSURE N 0.57 N 0.53 -0.04 -7.02 %

Top Five Trades

Symbols Volume Value
FBNH 58607943.00 614764140.45
MULTIVERSE 32079738.00 6442030.03
MBENEFIT 21553106.00 5257344.77
STERLNBANK 18481864.00 28151124.45
TRANSCORP 15965197.00 16143912.40
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