Nigerian Exchange Limited
Stock Market Declined Marginally on Tuesday
The stock market in Africa’s largest economy Nigeria declined slightly on Tuesday after opening the week with a N56 billion gain on Monday.
The stock market in Africa’s largest economy Nigeria declined slightly on Tuesday after opening the week with a N56 billion gain on Monday.
Investors transacted 205,641,440 shares valued at N2.787 billion in 4,127 transactions during the Tuesday trading hours, against 116,280,764 shares estimated at N3.465 billion that exchanged hands in 4,525 deals on Monday. Again, the United Bank for Africa was the most traded equity for the second consecutive trading session.
A critical analysis of each sector showed the banking index dipped by 41bps on the back of declines in the value of Union Bank of Nigeria, Unity Bank and Fidelity Bank. UBA, the most traded equity in the last two days, appreciated by 0.67% and FCMB grew by 0.66%.
The consumer goods index declined as Unilever lost 3.23% and Intbrew declined by 1.72% in value. Even though Dangote Sugar gained 0.63%, the index still shed 13bps.
However, the oil and gas index appreciated by 75bps on a 5.01% gain in Oando. Similarly, the industrial index improved by 19bps on a 2.51% gain in the value of Wapco.
The market value of listed equities depreciated by N6 billion from N28.214 trillion on Monday to N28.208 trillion on Tuesday.
While the Nigerian Exchange Limited (NGX) All-Share Index dipped by 0.02% to 52,308.88 index points, down from 52,319.94 index points recorded on Monday.
The Exchange year-to-date gain moderated to 22.46% as a total of 16 stocks gained and another 16 closed in the red. See the details of top gainers and losers below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| RTBRISCOE | N 0.40 | N 0.44 | 0.04 | 10.00 % |
| GLAXOSMITH | N 6.10 | N 6.65 | 0.55 | 9.02 % |
| CORNERST | N 0.62 | N 0.66 | 0.04 | 6.45 % |
| COURTVILLE | N 0.47 | N 0.50 | 0.03 | 6.38 % |
| FTNCOCOA | N 0.33 | N 0.35 | 0.02 | 6.06 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| MULTIVERSE | N 1.79 | N 1.62 | -0.17 | -9.50 % |
| JAPAULGOLD | N 0.27 | N 0.25 | -0.02 | -7.41 % |
| ACADEMY | N 2.00 | N 1.86 | -0.14 | -7.00 % |
| CAVERTON | N 1.37 | N 1.28 | -0.09 | -6.57 % |
| UPDC | N 1.24 | N 1.19 | -0.05 | -4.03 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| UBA | 74276211.00 | 556835187.35 |
| ACCESSCORP | 16092459.00 | 146445007.40 |
| AIICO | 14099336.00 | 8895458.85 |
| FBNH | 12817692.00 | 140498405.35 |
| GTCO | 8883266.00 | 190491703.20 |