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Home Markets Equities Stock Market

Zenith Bank trades heavy volumes as bears take control

Onome Ohwovoriole by Onome Ohwovoriole
December 12, 2018
in Stock Market
Bonds, CBN

Nigerian Stock Exchange Trading Floor

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The Nigerian Stock Exchange moved back to negative territory in today’s trading session. The All Share Index closed at 30,642.25 basis points, down 0.85%. Year to date, the index is down 19.88%.

Top Gainers and Losers

CAP was the best performing stock today. The stock gained 10% to close at N34.65. Forte Oil was next with a 9.75% gain, closing at N21.95. Japaul Oil and Maritime services rounds up the top three gainers for the week,

On the flip side, Conoil was the worst performing stock today. The stock declined by 10% to close at N20.25. AXA Mansard also declined by 10%, to close at N1.80. Chams rounds up the top three losers shedding 9.09% to close at an all-time low of N0.20.

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Top Trades by Volume

Zenith Bank was the most actively traded stock today. 55.3 million shares valued at N1.3 billion were traded in 247 deals. FBN Holdings was next with 54 million shares valued at N398 million traded in 296 deals.

Access Bank rounds up the top three with 21 million shares valued at N156 million traded in 98 deals

Corporate Action 

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Zenith Bank announced the retirement of Baba Tella, an Independent Non-Executive director after 12 years of service.


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Tags: Baba TellaZenith Bank Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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