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Nigerian Exchange Limited

Unity Bank Posts 7.3 Percent Gain as Nigerian Stocks Extend Decline

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Nigerian Exchange Limited - Investors King

Unity Bank Plc led gainers on Thursday despite the broad-based decline recorded at the Nigerian Exchange Limited (NGX) on the back of aggressive profit-taking.

Market capitalisation of all listed equities declined by N82.46 billion to N22.727 trillion after shedding N12 billion on Wednesday.

NGX All-Share Index dipped by 0.36 percent to 43,549.28 index points, moderating the year-to-date return to  8.14 percent.

Investors traded 161,307,800 shares worth N2.139 billion in 3,574 transactions during the trading hours of Thursday, in contrast to  270,701,973 shares valued at N5.627 billion that exchanged hands in 3,861 transactions on Wednesday.

A total of 21 stocks closed in the red, against 11 stocks that appreciated.

Unity Bank Plc led gainers with N0.04 or 7.27 percent to settle at N0.59 a share.  FTN Cocoa Processors Plc followed with N0.02 or 5 percent to close at N0.42 a unit. See other details below.

Top Fiver Gainers 

Symbols Last Close Current Change %Change
UNITYBNK N 0.55 N 0.59 0.04 7.27 %
FTNCOCOA N 0.40 N 0.42 0.02 5.00 %
UNIVINSURE N 0.21 N 0.22 0.01 4.76 %
WAPCO N 24.85 N 25.50 0.65 2.62 %
UPDC N 1.65 N 1.69 0.04 2.42 %

Top Fiver Losers

Symbols Last Close Current Change %Change
CORNERST N 0.57 N 0.52 -0.05 -8.77 %
CUTIX N 6.20 N 5.70 -0.50 -8.06 %
ETRANZACT N 2.05 N 1.90 -0.15 -7.32 %
REGALINS N 0.41 N 0.38 -0.03 -7.32 %
LASACO N 1.12 N 1.06 -0.06 -5.36 %

Top Five Trades

Symbols Volume Value
FBNH 28155159.00 322074450.80
TRANSCORP 23505886.00 23505977.87
ZENITHBANK 12521490.00 301202590.90
ACCESS 9289303.00 86959543.35
STERLNBANK 8296307.00 12460536.00

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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