The Nigerian Stock Exchange fell sharply in today’s trading session. The All Share Index closed at 29,336.80 basis points, down 2.33%. Year to date, the index is down -6.66%, and has fallen below the 30,000 psychological mark.
The sharp drop was largely due to an 8.6% decline in the share price of Dangote Cement. The stock accounts for about a quarter of the total market capitalization of the exchange.
Top Gainers and Losers
Julius Berger was the best performing stock in today’s trading session. The stock gained 10.00% to close at ₦25.85. Next was Unilever which added 9.63% to close at ₦37.00. United Capital rounds up the top three gainers, appreciating by 6.87% to close at ₦2.80.
On the flip side, University Press Limited was the worst performing stock today. The stock shed -10.00% to close at ₦1.89. NEM insurance was next, declining by -9.91% to close at ₦1.91.
Champion Breweries rounds up the top three losers for the day declining by-9.88% to close at ₦1.55.
Top Trades by Volume
Diamond Bank was the most actively traded stock today with 54.6million shares valued at ₦103 million were traded in 193 deals. Guaranty Trust Bank was next with 27.6million shares valued at ₦865 million traded in 341 deals.
Zenith Bank rounds up the top three with 25.8 million shares valued at ₦526 million traded in 535 deals.