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Renewed Interest in FBN Holdings Fails to Lift Nigerian Stock Market

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BUA Cement stock - Investors King

More stocks closed in the red on the Nigerian Exchange Limited (NGX) on Monday despite the renewed in the stocks of FBN Holdings, Access Bank, FCMB GTCo and others.

Investors transacted 293,429,620 shares worth N4.289 billion in 4,239 deals during the trading hours of Monday. FBN Holdings was the most traded stock with 101,220,646 shares valued at N1,242,061,711.20. This was followed by Access Bank’s 44,173,803 shares estimated at N416,971,884.

The year-to-date return moderated to 2,959.62 index points or 7.35 percent.

NGX All-Share Index dipped by 0.05 percent to close at 43,230.34 index points, down from 43,253.01 index points it closed last week.

Market value of listed stocks depreciated by N12 billion to N22.560 trillion on Monday from N22.572 trillion it closed on Friday last week.

Top Gainers

Symbols Last Close Current Change %Change
CUTIX N 2.73 N 3.00 0.27 9.89 %
LIVESTOCK N 2.00 N 2.19 0.19 9.50 %
MBENEFIT N 0.27 N 0.29 0.02 7.41 %
JAPAULGOLD N 0.42 N 0.44 0.02 4.76 %
PRESTIGE N 0.43 N 0.45 0.02 4.65 %

Top Losers

Symbols Last Close Current Change %Change
VERITASKAP N 0.23 N 0.21 -0.02 -8.70 %
FTNCOCOA N 0.44 N 0.41 -0.03 -6.82 %
ROYALEX N 0.53 N 0.50 -0.03 -5.66 %
REGALINS N 0.40 N 0.38 -0.02 -5.00 %
CHAMS N 0.24 N 0.23 -0.01 -4.17 %

Top Trades

Symbols Volume Value
FBNH 101220646.00 1242061711.20
ACCESS 44173803.00 416971884.00
FCMB 34846253.00 108008240.56
GTCO 18456741.00 507357830.25
ZENITHBANK 16156059.00 387954521.75

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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