The bearish trend of the Nigerian stock market extended on Thursday, largely because of the surge in economic risk and market uncertainty in Africa’s largest economy.
Investors on the Nigerian Exchange Limited (NGX) traded 215.154 million worth N1.906 billion in 3,389 transactions during the trading hours of Thursday. Access Bank was the most traded equity as investors exchanged 112.334 million shares valued at N892.561 million.
Transcorp came second with 16.068 million shares estimated at N16.713 million. Sterling Bank, Fidelity Bank and Zenith Bank followed with 12.257 million, 9.291 million and 7.191 million worth N16.641 million, N38.190 million and N142.829 million, respectively.
Sectorial analysis showed the banking index appreciated by 5 basis points as Jaiz Bank gained 3.13%, UBA 0.74% and Sterling Bank added 0.72%. Zenith Bank and Fidelity Bank closed in the red.
The industrial index inched higher by 1 basis point on a 4.88% increase in the value of Oando. The consumer goods index lost 21 basis points on a negative close in Unilever and NB, even though Champion gained 7.81%.
A 5.92% decline in the value of Oando stock dragged Oil and Gas index down by 96 basis points.
The market value of listed equities declined to N23.348 trillion while the NGX All-Share Index lost 0.10 to 44,236.7 index points.
The Exchange year-to-date moderated to 3.56% as just a total of 12 stocks appreciated againts 20 that closed in the red. See the details of top losers and gainers below.
Top Five Gainers
| Symbols |
Last Close |
Current |
Change |
%Change |
| UPDCREIT |
N 2.75 |
N 3.00 |
0.25 |
9.09 % |
| TRANSEXPR |
N 0.68 |
N 0.74 |
0.06 |
8.82 % |
| CHAMPION |
N 3.20 |
N 3.45 |
0.25 |
7.81 % |
| JAPAULGOLD |
N 0.26 |
N 0.28 |
0.02 |
7.69 % |
| CUTIX |
N 2.05 |
N 2.15 |
0.10 |
4.88 % |
Top Five Losers
| Symbols |
Last Close |
Current |
Change |
%Change |
| PRESTIGE |
N 0.51 |
N 0.46 |
-0.05 |
-9.80 % |
| CAVERTON |
N 0.96 |
N 0.87 |
-0.09 |
-9.38 % |
| SUNUASSUR |
N 0.35 |
N 0.32 |
-0.03 |
-8.57 % |
| UNILEVER |
N 10.85 |
N 9.95 |
-0.90 |
-8.29 % |
| MULTIVERSE |
N 4.62 |
N 4.24 |
-0.38 |
-8.23 % |