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Nigerian Stocks 12/6/2017: Stocks close lower as Ashaka Cement Pops

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Nigerian stocks March

Daily performance of the Nigerian Stock Exchange for the trading day ended 12th June 2017.

Nigerian stocks closed trading on a negative note as the all share index dropped -0.12%. Market capitalization at the close of trading was N11,489,620,398,061.92.

UBA ADS


Highlights of today’s trading session.
..

  • NSE All Share Index was 33,235.28 down -0.12%.
  • Market capitalization closed at N11.5 trillion.
  • Volume of shares traded was 501,081,775.00 units.
  • Number of Deals was 6,635.00.

 

Gainers and losers

GTBank 728 x 90

 

Nairametrics Research team tracks, collates, maintains and manages a rich database of macro-economic and micro-economic data from Nigeria and Africa. Our analysts share some of the data collated on Nairametrics, using formats such as docs, tables and charts etc. The team also publishes research based analysis as articles on a regular basis.

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Markets

List of Dividends announced so far in 2020 (June)

List of Dividends announced so far in 2020 (June)

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Dividends announced on the Nigerian stock exchange

As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects share prices.

This page will be updated from time to time.

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READ ALSO: Updated: Gender Balance, looking at the board composition of top banks on the NSE

Legend

Date Announced – The date the company announced dividends evidenced by a corporate action published on the website of the NSE.

Qualification date – Shareholders who own shares as of this date will receive dividends. If you buy shares and want to receive dividends make sure it is at least three days before this date. Shares get transferred to you on the basis of the T+3 rule (the date you bought plus 3 working days).

GTBank 728 x 90

Payment date – This is when the dividend will be paid to you, either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).

Calculate Dividends

Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividends.

You can also scroll sideways to view the rest of the columns if using a mobile phone.

READ MORE: How to read stock market tables

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2020 Dividends from companies quoted on the Nigerian Stock Exchange

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Prestige Assurance PlcNil4th June 20202 New shares for every 11 existing shares22nd - 26th June 202030th June 2020N/A19th June 2020
Presco PlcN2.00k3rd June 2020Nil20th - 22nd July 20205th August 20207th August 202017th July 2020
Trans-Nationwide Express PlcN0.03k1st June 2020Nil6th - 10th July 202016th July 202020th July 20203rd July 2020
Nigeria Aviation Handling Company PLCN0.30k28th May 2020Nil1st - 3rd July 202016th July 202016th July 202030th June 2020
Skyway Aviation Handling Co. PlcN0.16k1st June 2020Nil17th - 23rd June 202030th June 202030th June 202016th June 2020
11 PlcN8.2528th May 2020Nil30th Sept - 5th Oct 2020to be announcedto be announced29th Sept 2020
Glaxo SmithKilne Consumer Nig. PlcN0.55k22nd May 2020Nil23rd June - 2nd July 202023rd July 202024th July 202022nd June 2020
Airtel Africa0.0313th May 2020Nil6th July 2020Not applicable24th July 2020NA
Caverton Offshore Support Group PlcN0.20k22nd May 2020Nil16th June 202025th June 202025th June 202015th June 2020
Nigerian Breweries Plc (Revised)N1.51k20th May 2020Nil5th-11th March 202023rd June 202024th June 20204th March 2020
BUA CementN1.75k19th May 2020Nil28th Sept - 2nd Oct 202022nd October 202023rd October 202025th September 2020
NASCON Allied Industries PlcN0.40k13th May 2020Nil15th - 16th July 202027th July 202029th July 202014th July 2020
Total Nigeria PlcN6.7113th May 2020Nil5th - 11th June 2020to be announced24hrs after meeting4th June 2020
Cadbury Nigeria PlcN0.49k13th May 2020Nil25th - 29th May 202024th June 202025th June 202022nd May 2020
May and Baker PlcN0.25k13th May 2020Nil27th - 29th May 20204th June 20208th June 202026th May 2020
NPF Microfinance Bank PlcN0.20k11th May 2020Nil17th - 22nd June 202030th June 202030th June 202016th June 2020
Okomu Oil Palm PlcN2.0023rd April2020Nil19th - 22nd May 202028th May 202029th May 202018th May 2020
Lafarge Africa PlcN127th April 2020Nil4th - 8th May 20203rd June 20203rd June 202030th April 2020
Wema Bank PlcN0.04k23rd April 2020Nil7th - 12th May 202018th May 202018th May 20206th May 2020
UAC of Nigeria PlcN0.10k20th April 2020Nil19th - 22nd May 2020to be announcedto be announced18th May 2020
Union bank of NigeriaN0.25k13th April 2020Nil27th - 30th April 20206th May 20206th May 202024th April 2020
FBN HoldingsN0.38k6th April 2020Nil21st - 22nd April 202027th April 202028th April 202020th April 2020
Lafarge Africa PlcN1.00k6th April 2020Nil4th - 8th May 202026th May 202026th May 202030th April 2020
Ikeja Hotel PlcN0.023rd April 2020Nil2nd - 8th July 202030th July 20207th August 20201st July 2020
McNichols Consolidated PlcN0.03k1st April 2020Nil2nd - 8th July 202030th July 20207th August 20201st July 2020
NEM InsuranceN0.15k1st April 2020Nil4th - 8th May 2020to be announcedto be announced30th April 2020
FCMB Group PlcN0.14k31st March 2020Nil15th - 17th April 202028th April 202028th April 202014th April 2020
Beta Glass Nigeria PlcN1.67k30th March 2020Nil15th - 19th June 20202nd July 20203rd July 202011th June 2020
Capital Hotel PlcN0.05k26th March 2020Nil20th - 24th April 202027th May 20203rd June 202017th April 2020
Sterling bank PlcN0.03k26th March 2020Nil5th - 8th May 202020th May 202020th May 20204th May 2020
Boc GasesN0.30k26th March 2020Nil8th - 10th June 202025th June 202026th June 20205th June 2020
Fidelity Bank PlcN0.20k23rd March 2020Nil20th - 24th April 202030th April 202030th April 202017th April 2020
Seplat Petroleum Dev. Company Plc0.0523rd March 2020Nil13th May 202028th May 20204th June 202012th May 2020
Julius Berger Nig. PlcN2.75k13th March 20200.0021st to 3rd June 202018th June 202019th June 202029th May 2020
Nigeria Energy Sector Fund (NESF)N75.0010th March 2020Nil20th March 20206th April 202019th March 2020
Access Bank PlcN0.40k6th March 2020Nil15th April 202030th April 202030th April 202014th April 2020
Nestle Nig PlcN45.00k28th February 2020Nil18th - 22nd May 20202nd June 20202nd July 202015th May 2020
Stanbic IBTC Holdings PlcN2.005th March 2020Nil19th - 26th March 202030th June 202018th June 202018th March 2020
Guaranty Trust Bank PlcN2.50k2nd March 2020Nil19th March 202030th March 202030th March 202018th March 2020
United Bank of AfricaN0.80k2nd March 2020Nil16th - 20th March 202027th March 202027th March 202013th March 2020
Transcorp PlcN0.01k28th February 2020Nil18th - 23rd March 202025th March 202027th March 202017th March 2020
MTN Nigeria PlcN4.97k28th February 2020NilFebruary 17, 19008th May 202019th May 202017th april 2020
Transcorp Hotels PlcN0.07k28th February 2020Nil13th-17th March 202024th March 202026th March 202012th March 2020
United Capital PLCN0.50k18th February 2020Nil9th-13th March 202024th March 202026th March 20206th March 2020
Infinity Trust Mortgage Bank PLCN0.035K30th January 2020Nil9th-13th March 20207th May 202014th May 20206th March 2020
Zenith bank PlcN2.50k21st February 2020Nil10th March 202016th March 202016th March 20209th March 2020
Africa Prudential PlcN0.70k25th february 2020Nil9th-13th March 202023rd March 202023rd March 20206th March 2020
Dangote Cement PlcN16.0025th february 2020Nil26th May 202015th June 202016th June 202025th May 2020
Tripple Gee & Company PlcN0.05k8th July 2019Nil2nd-6th September 201916th September 201928th September 201930th August 2019
Presco PlcN2.006th June 2019Nil8th-10th July 201924th July 201929th July 20195th July 2019
C & I Leasing PlcN0.07525th June 2019Nil15th-19th July 201930th July 201931st July 201912th July 2019
NPF Microfinance Bank PlcN0.0525th June 2019Nil8th-12th July 201925th July 201925th July 20195th July 2019
Learn Africa PlcN0.15k2nd July 2019Nil23rd-27th September 201917th October 201918th October 201920th September 2019
Academy Press PlcN0.05k1st Juky 2019Nil5th-9th August 201919th September 201926th September 20192nd August 2019
University Press PlcN0.15k1st July 2019Nil2nd-6th September 201926th September 201926th September 201930th August 2019
Redstar Express PlcN0.43k2nd July 2019Nil17th-19th July 20198th August 201916th July 2019
Veitva Griffin 30 PlcN0.27NilN/AN/A31st May 2019
Vetiva S&P Nig. Sovereign Bond ETFN13.00Nil31st May 2019N/A7th June 2019
Law Union & Rock Insurance PlcN0.029th May 2019Nil3rd - 7th June 201925th June 201926th June 201931st May 2019
NEM InsuranceN0.1330th April 2019Nil3rd - 7th June 201925th June 201925th June 201931st May 2019
Forte OilN1.153rd June 2019Nil4th - 7th June 2019N/A10th june 20193rd June 2019
Smart ProductsN0.1530th April 2019Nil1st - 5th July 201929th August 20195th Septemner 201928th June 2019
AIICO Insurance PlcN0.0616th April 2019Nil10th - 17th May 201920th May 201920th May 2019May 9 2019
Consolidated Hallmark Insurance PlcN0.0223rd April 2019Nil7th - 13th March 2019to be announcedto be announced6th May 2019
FBN HoldingsN0.2612th April 2019Nil24th - 29th April 20193rd May 20196th May 201922nd
Lotus Halal Fixed Income FundN28.00NilN/AN/A12th April 2019
Nigerian Aviation Handling Coy PlcN0.2517th April 2019Nil9th - 11th July 201926th July 201926th July 20198th July 2019
Prestige Assurance PlcN0.0317th April 2019Nil6th - 10th May 2019to be announcedto be announced3rd May 2019
Regency Alliance Insurance PlcN0.0315th April 2019Nil13th - 17th May 201918th June 201919th June 201910th May 2019
Cement Coy. Of Northern Nig. PlcN0.4029th March 2019Nil2nd - 8th July 201925th July 201926th July 20191st July 2019
Dangote Sugar Refinery PlcN1.104th April 2019Nil3rd - 5th June 201918th June 201919th June 201931st May 2019
The Initiates PlcN0.052nd April 2019Nil3rd - 7th June 2019to be announcedto be announced31st May 2019
Aluminium Extrusion Ind. PlcN0.08526th March 2019Nil17th - 21st June 2019to be announcedto be announced14th June 2019
Beta Glass Nigeria PlcN1.3029th March 2019Nil17th - 21st June 20194th July 20195th July 201914th June 2019
UAC of Nigeria PlcN0.6429th March 2019Nil21st - 24th May 201926th June 201927th June 201920th May 2019
Okomu Oil Palm PlcN3.0027th March 2019Nil14th - 17th May 201913th June 201920th June 201913th May 2019
Wema Bank PlcN0.0329th March 2019Nil29th April - 6th May 20198th May 201913th May 201926th April 2019
Berger Paints PlcN0.6519th March 2019Nil29th April - 3rd May 201923rd May 201924th May 201926th April 2019
Caverton Offshore Support Group PlcN0.2529th March 2019Nil8th May 201921st May 201924th May 20197th May 2019
Eterna PlcN0.2529th March 2019Nil14th - 17th May 201913th June 201914th June 201913th May 2019
Infinity Trust Mortgage Bank PlcN0.0329th March 2019Nil25th April - 9th May 201916th May 201923rd May 201924th April 2019
CAP PlcN2.5029th March 2019Nil27th - 31st May 201920th June 201921st June 201924th May 2019
Portland Paints and Products Nig. PlcN0.0528th March 2019Nil6th - 10th May 201930th May 201931st May 20193rd May 2019
Glaxo SmithKilne Consumer Nig. PlcN0.058th March 2019Nil24th April - 6th May 201923rd May 201924th May 201922nd April 2019
Chams PlcN0.034th April 2019Nil18th - 24th April 2019to be announcedto be announced17th April 2019
Fidson Healthcare PlcN0.153rd April 2019Nil18th - 24th April 2019to be announcedto be announced17th April 2019
Capital Hotel PlcN0.052nd April 2019Nil24th - 29th April 2019April 22, 20009th May 201923rd April 2019
May and Baker PlcN0.2029th March 2019Nil23rd - 26th April 201930th May 20193rd June 201918th April 2019
Unilever of Nigeria PlcN1.5029th March 2019Nil15th - 23rd April 20199th May 201910th May 201912th April 2019
Total Nigeria PlcN14.0028th March 2019Nil23rd - 29th April 201927th June 201928th June 201918th April 2019
FCMB Group PlcN0.1429th March 2019Nil12th - 18th April 201926th April 201929th April 201911th April 2019
Fidelity Bank PlcN0.1129th March 2019Nil15th - 19th April 201926th April 201926th April 201912th April 2019
Custodian Investment PlcN0.3521st March 2019Nil12th - 17th April 201924th April 201924th April 201911th April 2019
11 PlcN8.2522nd MarchNil3rd - 10th May 201916th May 201917th May 20192nd May 2019
NASCON Allied Industries PlcN1.0022nd March 2019Nil31st May - 3rd June 201913th June 201917th June 201930th May 2019
Cadbury Nig. PlcN0.2521st March 2019Nil20th - 24th May 201918th June 201919th June 201917th May 2019
Julius Berger Nig. PlcN2.0021st March 2019Nil3rd - 7th June 201920th June 201921st June 201931st May 2019
UBA PlcN0.6515th March 2019Nil3rd - 9th April 201923rd April 201923rd April 20192nd April 2019
Access Bank PlcN0.25k14th March 2019Nil12th April 201925th April 201925th April 201911th April 2019
Stanbic IBTC Holdings PlcN1.50k7th March 2019Nil21st March 201919th June 201920th June 201920th March 2019
Guaranty Trust Bank PlcN2.456th March 2019Nil9th April 201918th April 201918th April 20198th April 2019
Seplat Petroleum Dev. Company PlcUS$0.056th March 2019Nil21st March 201916th May 201923rd May 201920th March 2019
Nestle Nig PlcN38.50k4th March 2019Nil13th - 17th May 201928th May 201929th May 201910th May 2019
McNichols Consolidated PlcN0.05k1st March 2019Nil9th - 15th April 201916th April 201926th April 20198th April 2019
Dangote CementN16.0028th February 2019Nil4th - 10th June 201917th June 201918th June 20193rd June 2019
Africa Prudential PlcN0.50k26th February 2019Nil14th - 20th March 201926th March 201926th March 201913th March 2019
United Capital Plc30kobo21st February 2019Nil14th - 20th March 201928th March 20192nd April 201913th March 2019
Zenith Bank PlcN2.5019th February 2019Nil11th - 15th March 201918th March 201918th March 20198th March 2019
Transnational Corp. of Nig. Plc3k18th February 2019Nil1st - 5th March 201915th March 201919th March 201928th February 2019
Nigerian Breweries PlcN1.83K18th February 2019Nil7th - 13th March 201917th May 201920th May 20196th March 2019
Transcorp Hotel15k15th February 2019Nil28th February - 1 March 201915th March 201919th March 201927th February 2019
Newrest ASL NIG Plc20kNil29th April - 3rd May 201915th May 201916th May 2019
SIAML Pension ETF 40N1.17Nil25th January 2019N/A28TH January 2019

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Billionaire Watch

Stock Market rains big for Nigerian billionaires in May

The gradual easing of the lockdown, which started on May 1, appears to have brought some relief to these men, giving them room to recover some of the earlier losses.  

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Nigerian billionaires lose billions amid COVID-19 pandemic

The news of the lockdown hit raw nerves across all sectors in Nigeria. One thing that was obvious from the onset was that everyone was going to be hit somehow, but what no one could say for sure, was how.

Nairametrics had earlier examined the first 12 weeks of COVID-19 in Nigeria, and found that Nigeria’s billionaires lost billions between February and April. However, the gradual easing of the lockdown which started on May 1, appears to have brought some relief to these men, giving them room to recover some of the earlier losses.

UBA ADS

Jim Ovia
Zenith bank founder Jim Ovia is the largest individual shareholder with 3,546,199,395 direct shares and 1,513,137,010 indirect shares.

Zenith bank closed April at N14.3, putting the value of Ovia’s total 5,059,336,405 shares at N72,348,510,591.5 (N72.35 billion).

During the month of May, the share appreciated by 18.2%, and was worth N16.9 at the end of trading on May 29.

GTBank 728 x 90

With this, the worth of Ovia’s 5,059,336,405 shares increased by N13.15 billion to N85,502,785,244.50.

The volatility of the shares in the previous quarter had seen the billionaire lose about N21.2 billion, but May 2020 sure gave him a chance to recover some of this.

READ ALSO: Forbes 2020 world’s richest rankings: Only 4 Nigerians make exclusive billionaires list

Herbert Wigwe
Group MD/CEO of Access Bank, Herbert Wigwe, has 201,231,713 direct shares and 1,184,680,195.5 indirect shares with the bank, totalling to 1.39 billion shares.

At N6.60 per unit, the total shares were worth N9.15 billion (N9,147,018,596.1) on April 30.

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Access bank stocks moved upwards to N7.1, bringing the worth of the stocks to N9.84 billion (N9,839,974,550.35).

Patricia

Wigwe’s stock value gained N692.96 million, a mild compensation for losing N2.22 billion in the first 12 weeks of COVID-19 presence in Nigeria.

READ MORE: Herbert Wigwe sells 28.8 million Access Bank shares

Aliko Dangote
Dangote Cement shares were worth N130 at the end of April, having had a rough first quarter. However, the price improved over the next four weeks and ended May 29 at N139 per unit.

Aliko Dangote directly owns 14,500,315,501 shares in Dangote Cement Plc, as well as 27,642,637 shares which he controls through Dangote Industries Limited.

All 14,527,958,138 shares were worth N1.88 trillion (N1,888,634,557,940) on April 30, and the value increased to N2 trillion (N2,019,386,181,182) by May 29, an increase of N130 billion (N130,751,623,242).

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A similar trend is also seen in Dangote Sugar where share price increased from N12.45 on April 30 to N12.90 at the close of trading on May 29.

The billionaire directly owns 653,095,014 shares and indirectly owns 8,122,446,281 shares through the Dangote Industries Limited in Dangote Sugar, summing up to 8.77 billion shares.

All shares were worth N109 billion (N109,255,489,123) on April 30, and appreciated through the month of May to close at N113 billion on May 29.

From the increase in the market share price of Dangote Sugar, Aliko Dangote became N3.9 billion (N3,948,993,583) richer.

Summing up the gains in Dangote Cement and Dangote Sugar, we can see that the billionaire added another N134.7 billion (N134,700,616,825) to his worth.

This article does not include calculations for NASCON. Aliko Dangote is not listed on the board, hence, there is no way to confirm the exact amount of stocks he owns in the company.

However, NASCON allied shares were worth N10.05 on April 30 and made a 10.4% increase to N11.10 by May 29.

READ MORE: Dangote: The King cement maker moving against all odds

Tony Elumelu
The popular TOE, as he is called, controls a total of 2,304,211,118 units of shares – 190,100,234 direct and 2,114,110,884 indirect shares.

UBA’s shares tried to regain losses from earlier months, and moved from N6.05 on April 30 to N6.65 on May 29.

The total worth of Elumelu’s 2.3 billion shares appreciated from N13,940,477,263 on April 30 to N15,323,003,934 on May 29, giving the billionaire an additional N1.38 billion (N1,382,526,670.8).

Compared to the N1.49 billion lost in the preceding 12 weeks, Elumelu clearly recovered most of the earlier losses.

Abdulsamad Rabiu
The merger of CCNN and Obu cement gave birth to BUA cement. The 2019 financials from the company shows that Rabiu owns 19 billion (19,044,995,225) direct shares.

He also has indirect shareholdings through 3 companies, totalling to 12.2 billion (12,225,657,346) units.

BUA cement stocks ended April 30 at N32.60 and appreciated by 28% to N42 per unit at the close of trading on May 29.

By April 30, Rabiu’s 31.27 billion shares (direct and indirect) were worth N1.01 trillion (N1,019,423,273,814.60) at N32.6 per unit, and by the end of trading on May 29, the market value of the same shares had risen to N1.31 trillion (N 1,313,367,407,982.00).

The billionaire’s worth added N293.94 billion (N 293,944,134,167.40) representing a 28% gain, and making him the highest billionaire gainer in the period under review.

Mike Adenuga
As Chairman of Conoil Nigeria Plc, Mike Adenuga directly controls 516,298,603 units of shares, as well as 103,259,720 units of shares controlled through Conpetro Limited, making for about 74.4% of Conoil’s issued share capital.

Conoil’s stock prices closed at N17.4 on April 30, putting the value of Adenuga’s indirect shares at N1.79 billion (N1,796,719,128), and his direct shares at N8.9 billion (N8,983,595,692.2), totalling to N10.78 billion.

Conoil gained 20.7% in May, and ended at N21 per unit share at the end of trading on May 29.

With this, the total shares were worth N13 billion; direct – N10,842,270,663 and indirect – N 2,168,454,120.

After losing N371 million in the preceding 12 weeks, it must have been refreshing to gain some N2.23 billion in four weeks.

Austin Avuru
However, the month of May was not profitable for the co-founder of Seplat, Austin Avuru, who indirectly owns about 58,970,463 indirect shares in the oil and gas company.

A stock price of N494.4 as at April 30 showed that these stocks were worth N29.15 billion (N29,154,996,907.2).

At the share price of N476.4 on May 29, Austin Avuru’s shares were worth N28,093,528,573.20.

He lost another N1.06 billion, after an earlier loss of N6.5 billion between February to April.

In all, Seplat stocks have fallen some 28% from January till May 29. Sad loss for Avuru.

Summary
Billionaire
Gain (N’billions)
% gains
Aliko Dangote
134.7
6.74%
Tony Elumelu
1.38
9.9%
Jim Ovia
13.15
18.2%
Herbert Wigwe
0.69
7.6%
Austin Avuru
-1.06
-3.6%
Mike Adenuga
2.23
20.7%
Abdulsamad Rabiu
293.94
28%
Note: The stock figures, and prices used in the analysis above was sourced from the Nigerian Stock Exchange (NSE) website.

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Markets

Access, GTBank, Custodian end winning streak at Nigerian stock market

Performance across sectors closed bearish, as three out of the five major sub-indices posted losses.

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market's, Bears clawing down on the naira, hits N425 to $1

The Nigerian bourse reversed its previous days gain, as the All Share Index declined by 0.38% to close at 25,312.05 index points. Thus, YTD loss currently stands at -5.71%.

UBA ADS

Activity levels closed weak compared to the previous trading session, as total volume and value declined by -23.53% and -24.72% to close at 270.19million units and N5.29billion respectively. FBNH was the most traded stock by volume at 41.3 million units, while DANGCEM topped by value at N2.57 billion.

READ ALSO: Bitcoin could hit above $100,000 by August 2021

Market breath was slightly negative with 17 losers led by CUSTODIAN (-7.14%), against 16 gainers, topped by SKYAVN (+9.69%).

GTBank 728 x 90

Performance across sectors closed bearish, as three out of the five major sub-indices posted losses. Decline in ACESS (-5.11%) and GUARANTY (-2.00%) spurred sustained losses in the Lenders’ Index (-2.12%), trailed distantly by the Oil & Gas (-0.39%) and Insurance index (-0.555), on the back of price decline in OANDO (-3.57%), CUSTODIAN (-7.14%) and AIICO (-5.22%).

Gains in DANGSUGAR (+6.76%), FLOURMILL (+4.25%) and DANGCEM (+1.00%) buoyed a 0.89% and 0.23% improvement in the Consumer Goods and Industrial indices respectively.

Top gainers

SKYAVN up 9.69% to close at N2.49; CILEASING up 9.28% to close at N4.85; DANGSUGAR up 6.76% to close at N15; FLOURMILL up 4.25% to close at N20.85; DANGCEM up 1.00% to close at N141.9.

READ ALSO: More than 40 SMEs in Lagos shut down due to economic crisis

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Top losers

Patricia

CUSTODIAN down 7.14% to close at N5.85; ACCESS down 5.11% to close at N6.5; GLAXOSMITH down 5.06% to close at N7.5; GUARANTY down 2.00% to close at N24.5; and MTNN down 1.69% to close at N116.

Outlook

Market sentiment finished bearish on Thursday, as significant profit taking was noticed, especially among financial stocks. Nairametrics envisages cautious buying of Nigerian stocks.

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