Stock Market Pulls Back, Sheds N12 Billion | Investors King
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Nigerian Exchange Limited

Stock Market Pulls Back, Sheds N12 Billion

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The Nigerian Exchange Limited (NGX) pulled back slightly on Wednesday after posting over N800 billion profit in the first two days of the week.

Investors traded 270,701,973 shares worth N5.627 billion in 3,861 deals during the trading hours of Wednesday, against 280,713,888 shares worth N3.476 billion traded in 4,342 transactions on Tuesday.

NGX All-Share Index dipped by 0.05 percent to 43,707.3 index points on Wednesday, down from 43,730.55 index points recorded on Tuesday.

FBN Holdings returned to the top five most traded stocks on Wednesday, while Neimeth, Chams, Mbenefit and others led the gainers’ chart. See the details below.

Top Five Gainers 

Symbols Last Close Current Change %Change
NEIMETH N 1.80 N 1.98 0.18 10.00 %
CHAMS N 0.22 N 0.24 0.02 9.09 %
MBENEFIT N 0.25 N 0.27 0.02 8.00 %
HONYFLOUR N 3.31 N 3.54 0.23 6.95 %
CAVERTON N 1.70 N 1.80 0.10 5.88 %

Top Five Losers

Symbols Last Close Current Change %Change
REDSTAREX N 3.65 N 3.29 -0.36 -9.86 %
PHARMDEKO N 2.34 N 2.11 -0.23 -9.83 %
ABCTRANS N 0.33 N 0.30 -0.03 -9.09 %
FTNCOCOA N 0.44 N 0.40 -0.04 -9.09 %
CHIPLC N 0.60 N 0.55 -0.05 -8.33 %

Top Five Trades

Symbols Volume Value
FLOURMILL 50595395.00 1474556706.50
TRANSCORP 38919930.00 39248784.37
FBNH 21492837.00 243680882.25
ETI 19152675.00 164498438.15
GTCO 14574010.00 402952272.85

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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