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Nigerian Exchange Limited

Nigerian Stock Market Dips Marginally on Tuesday

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The Nigerian stock market extended its decline on Tuesday despite investors transacting over N11 billion worth of Oando shares on Monday.

Investors traded 217,972,819 shares valued at N2.908 billion in 4,158 deals, against 2,402,071,798 shares worth N16.467 billion that were transacted in 4,811 on Monday.

The banking industry gained 21 basis points on the back of positive close from Wema Bank, Access Bank, UBN and ETI.

However, the consumer goods sector dipped by 1 basis point as the decline in Intebrew and Dangote Sugar outweighed profit from Honeywell Flour, Flourmill and Unilever. Oil and gas sector lost 20 basis points while the industrial sector closed flat.

Market value of all listed equities depreciated by N1 billion from N22.576 trillion it closed on Monday to N22.577 trillion on Tuesday.

All-Share Index declined by 0.01 percent to 43,255.14 index points, down from 43,260.13 index points posted on Monday. The Exchange year-to-date return moderated to 7.41 percent.

Top Gainers

Symbols Last Close Current Change %Change
HONYFLOUR N 3.72 N 4.09 0.37 9.95 %
UPL N 2.30 N 2.50 0.20 8.70 %
CHIPLC N 0.54 N 0.58 0.04 7.41 %
GLAXOSMITH N 6.05 N 6.40 0.35 5.79 %
FTNCOCOA N 0.40 N 0.42 0.02 5.00 %

Top Losers

Symbols Last Close Current Change %Change
UPDC N 1.39 N 1.26 -0.13 -9.35 %
NEM N 2.05 N 1.86 -0.19 -9.27 %
MANSARD N 2.35 N 2.23 -0.12 -5.11 %
CHAMS N 0.22 N 0.21 -0.01 -4.55 %
ROYALEX N 0.49 N 0.47 -0.02 -4.08 %

Top Trades

Symbols Volume Value
GTCO 36186902.00 919633415.45
FBNH 31543824.00 387277938.75
ZENITHBANK 13433903.00 327244854.85
ACCESS 13091171.00 121509692.05
HONYFLOUR 9841846.00 40253150.14

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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