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GTCO, JapaulGold, UBA, Others Top Activity Table as Stock Market Decline

Stocks of GTCO, Japaul Gold, United Bank for Africa and others were the most traded equities on Wednesday despite the Nigerian Exchange Limited (NGX) extending its decline by 0.32%.

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Stock - Investors King

Stocks of GTCO, Japaul Gold, United Bank for Africa and others were the most traded equities on Wednesday despite the Nigerian Exchange Limited (NGX) extending its decline by 0.32%.

Investors transacted 198,816,000 shares estimated at N2.182 billion and traded in 4,760 deals during the trading hours of Wednesday. The GTCO was the most traded stock with 51,892,811 shares valued at N1,061,617,558.90. Followed by Japaul Gold’s 21,911,357 and N5,698,058.13.

A critical analysis of each of the sector showed the banking index appreciated by 5 basis points (bps) while consumer goods index advanced by 31bps on 7.41% gained in value of Intbrew stock.

The oil and gas index, however shed 4bps on 0.18% decline in Oando. Similarly, the industry index lost 1bps on 8.33% decline in the value of Cutix.

Market value of all listed equities dipped to N27.713 trillion, representing a decline of N9 billion from N27.803 trillion it closed on Friday.

The NGX All-Share index depreciated by 0.32% from 51,557.41 index points it settled last week to 51,390.25 index points on Wednesday.

The Exchange year to date return moderated to 20.31% as 25 stocks closed in the red, against 11 that gained. See other details below.

Top Gainers

Symbols Last Close Current Change %Change
CWG N 0.80 N 0.88 0.08 10.00 %
CAVERTON N 1.22 N 1.34 0.12 9.84 %
ACADEMY N 1.89 N 2.07 0.18 9.52 %
RTBRISCOE N 0.34 N 0.37 0.03 8.82 %
INTBREW N 5.40 N 5.80 0.40 7.41 %

Top Losers

Symbols Last Close Current Change %Change
MULTIVERSE N 2.10 N 1.89 -0.21 -10.00 %
REDSTAREX N 2.75 N 2.48 -0.27 -9.82 %
CUTIX N 2.40 N 2.20 -0.20 -8.33 %
UNITYBNK N 0.49 N 0.45 -0.04 -8.16 %
LIVESTOCK N 1.38 N 1.27 -0.11 -7.97 %

Top Trades

Symbols Volume Value
GTCO 51892811.00 1061617558.90
JAPAULGOLD 21911357.00 5698058.13
UBA 19646123.00 147683248.75
JAIZBANK 12545605.00 11073320.43
INTBREW 9058913.00 52260718.90

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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