Nigerian Exchange Limited
Nigerian Stock Exchange Extends Gain on Wednesday, Posts 0.06% Gain
The Nigerian Exchange Limited (NGX) closed in the green on Wednesday after posting a N10 billion gain on Tuesday despite the increase in interest rates to 18% and the uncertainty surrounding the cash crunch.
On Wednesday, stock investors traded 134,150,558 stocks worth N1.330 billion in 2,479 transactions during the trading hours of Wednesday. Transcorp emerged as the most traded stock with 28,122,091 shares valued at N35,922,896.78. This was followed by UBA’s 21,231,993 shares worth N170,415,095.30.
Breaking down each sector’s performance, the bank sector shed 1 basis point with Wema Bank and Zenith bank closing in the red.
Consumer goods lost 12 basis points as Honey Flour and Vitaform post -2.22% and -1.06% decline. As expected, the oil and gas sector closed flat same as the industrial sector.
The exchange year-to-date return extended to 7.19% despite 14 stocks closing in the red against 9 stocks that posted gains.
The market value of listed equities rose to N29.927 trillion, representing an N18 billion gain from the N29.909 trillion it closed on Tuesday.
NGX All-Share Index grew by 0.06% from 54,906.65 index points on Tuesday to 54,936.11 index points on Wednesday. See other details below.
Top Five Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| WAPIC | N 0.41 | N 0.42 | 0.01 | 2.44 % |
| GTCO | N 24.60 | N 25.20 | 0.60 | 2.44 % |
| LINKASSURE | N 0.45 | N 0.46 | 0.01 | 2.22 % |
| LASACO | N 0.98 | N 1.00 | 0.02 | 2.04 % |
| TRANSCORP | N 1.28 | N 1.30 | 0.02 | 1.56 % |
Top Five Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| NCR | N 2.89 | N 2.61 | -0.28 | -9.69 % |
| FTNCOCOA | N 0.29 | N 0.27 | -0.02 | -6.90 % |
| JAPAULGOLD | N 0.30 | N 0.28 | -0.02 | -6.67 % |
| CUTIX | N 2.22 | N 2.11 | -0.11 | -4.95 % |
| CHIPLC | N 0.65 | N 0.62 | -0.03 | -4.62 % |
Top Five Trades
| Symbols | Volume | Value |
|---|---|---|
| TRANSCORP | 28122091.00 | 35922896.78 |
| UBA | 21231993.00 | 170415095.30 |
| COURTVILLE | 19127715.00 | 8608085.67 |
| GTCO | 13551801.00 | 336904357.15 |
| FBNH | 8126325.00 | 88997548.25 |