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Access Bank, Zenith Bank, Others Activity Level Jump Despite Stock Market Negative Close
Investors transacted 187,094,282 shares worth N2.535 billion in 3,326 transactions with Access Bank accounting for 87,923,339 shares valued at N704,474,274.95
Despite the Nigerian Exchange Limited (NGX) opening in the red on Monday, activity on Access Bank continued to increase while Zenith Bank and others followed closely.
Investors transacted 187,094,282 shares worth N2.535 billion in 3,326 transactions with Access Bank accounting for 87,923,339 shares valued at N704,474,274.95. This may not be unconnected to Herbert Wigwe’s recent acquisition. The Chairman, Access Holdings Plc has dumped almost a billion on Access Bank stocks in the last one month.
The banking index appreciated by 26 basis points (bps) on 3.48% and 1.42% gain in the value of Union Bank of Nigeria and Sterling Bank.
The consumer goods index and industrial index were unchanged on Monday. The oil and gas shed 38 basis points on 2.56% decline in Oando.
The market vaue of all listed equities stood at N23.867 trillion, a decline of N82 billion from N23.949 trillion it closed on Friday. The NGX All-share index shed 0.34% from 43,968.75 index points it settled last week to 43,818.12 index points.
The Exchange Yea-to-date return declined to 2.58% as only 13 stocks closed in the green against another 13 that lost points. See other details below.
Top Five Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| FTNCOCOA | N 0.31 | N 0.34 | 0.03 | 9.68 % |
| CHIPLC | N 0.58 | N 0.62 | 0.04 | 6.90 % |
| MANSARD | N 1.53 | N 1.62 | 0.09 | 5.88 % |
| CHAMS | N 0.24 | N 0.25 | 0.01 | 4.17 % |
| UBN | N 5.75 | N 5.95 | 0.20 | 3.48 % |
Top Five Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| JOHNHOLT | N 0.81 | N 0.73 | -0.08 | -9.88 % |
| SCOA | N 1.75 | N 1.58 | -0.17 | -9.71 % |
| PRESTIGE | N 0.39 | N 0.36 | -0.03 | -7.69 % |
| UNITYBNK | N 0.57 | N 0.54 | -0.03 | -5.26 % |
| AFRIPRUD | N 5.35 | N 5.10 | -0.25 | -4.67 % |
Top Five Trades
| Symbols | Volume | Value |
|---|---|---|
| ACCESSCORP | 87923339.00 | 704474274.95 |
| ZENITHBANK | 19323689.00 | 385788915.25 |
| TRANSCORP | 10679983.00 | 11613144.33 |
| UNITYBNK | 10175240.00 | 5339887.59 |
| NGXGROUP | 5255594.00 | 112846073.20 |