Nigerian Exchange Limited
Nigerian Stock Market Continues to Decline
Nigerian equities market declined for a third consecutive day on Thursday as 24 stocks closed in the red against 14 stocks that gain.
Investors traded 266,115,101 shares worth N4.216 billion during the trading hours of Thursday, against 243,185,049 shares valued at N3.747 billion that were transacted in 3,777 deals on Wednesday.
Market value dipped by N71 billion to N22.494 trillion, down from N22.565 trillion recorded on Wednesday. The Nigerian Exchange Limited All-Share Index lost 0.32 percent to 43,108.77 index points.
Sectorial analysis showed the banking industry closed in the red after losing 116 basis points on the back of a broad decline in ETI, Unity Bank and Union Bank of Nigeria Plc. Jaiz Bank and Fidelity Bank recorded gains.
Also, the consumer industry lost 106 basis points on a decline in Nigerian Breweries, Interbrew and Cadbury. Honeywell Flour led gainers with +9.76 percent.
Oil and gas and industrial industries shed 164 basis points and 1 basis point respectively. The Exchange year-to-date return depreciated by 7.05 percent.
Top Gainers
| HONYFLOUR | N 3.69 | N 4.05 | 0.36 | 9.76 % |
| AIICO | N 0.59 | N 0.64 | 0.05 | 8.47 % |
| REGALINS | N 0.36 | N 0.39 | 0.03 | 8.33 % |
| UPL | N 2.50 | N 2.70 | 0.20 | 8.00 % |
| IKEJAHOTEL | N 1.25 | N 1.35 | 0.10 | 8.00 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| MRS | N 15.20 | N 13.70 | -1.50 | -9.87 % |
| CHAMS | N 0.23 | N 0.21 | -0.02 | -8.70 % |
| ETI | N 8.75 | N 8.00 | -0.75 | -8.57 % |
| CHIPLC | N 0.62 | N 0.57 | -0.05 | -8.06 % |
| UNITYBNK | N 0.55 | N 0.51 | -0.04 | -7.27 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| HONYFLOUR | 52467164.00 | 209572149.51 |
| GTCO | 22957965.00 | 578561871.30 |
| ZENITHBANK | 22886054.00 | 559037845.90 |
| TRANSCORP | 18464628.00 | 17727984.83 |
| ACCESS | 13938330.00 | 127370154.95 |