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Nigerian Exchange Limited

Stock Market Opens in Red on Monday

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Stock bull - Investors King

Nigerian Exchange Limited (NGX) opened the week in the red despite posting N596 billion or 2.09% profit last week on the back of renewed interest in stocks listed on the mainboard of the Exchange.

Investors exchanged 27,564,562,311 shares worth N194.356 billion in 4,586 deals during the trading hours of Monday. Largely bolstered by unusual activity in Union Bank of Nigeria as 27.337 billion shares of the bank valued at N191.359 billion were exchanged on Monday.

The market value of all listed equities declined by N169 billion from N29.158 trillion it closed on Friday to N28.989 trillion on Monday. While NGX All-Share Index depreciated by 0.58% to 53,772.14 index points on Monday from 52,979.96 index points it settled on Friday. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
TRANSEXPR N 0.71 N 0.78 0.07 9.86 %
NPFMCRFBK N 1.64 N 1.80 0.16 9.76 %
UACN N 10.50 N 11.50 1.00 9.52 %
JAIZBANK N 0.78 N 0.85 0.07 8.97 %
LIVESTOCK N 1.50 N 1.60 0.10 6.67 %

Top Losers

Symbols Last Close Current Change %Change
PRESCO N 180.00 N 162.00 -18.00 -10.00 %
UPL N 2.85 N 2.60 -0.25 -8.77 %
FTNCOCOA N 0.35 N 0.32 -0.03 -8.57 %
MAYBAKER N 4.34 N 4.01 -0.33 -7.60 %
WEMABANK N 3.65 N 3.40 -0.25 -6.85 %

Top Trades

Symbols Volume Value
UBN 27337068326.00 191359391586.20
TRANSCORP 70067271.00 85101591.25
ACCESSCORP 21248852.00 212351006.15
JAIZBANK 16266479.00 13625371.37
STERLNBANK 10535136.00 15871906.75

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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