NSE records 18.18% decline in banks' market capitalisation

The Nigerian Stock Exchange ended  the first trading session in April in positive territory. The All Share Index closed at 29.171.73 basis points, down 0.05%.

Year to date, the index is down 7.19%.

Top Gainers and Losers

11 Plc (Mobil) was the best performing stock during today’s trading session. The stock gained 5.08% to close at N177.

Guinness Nigeria Plc gained 2.88% to close at N48.6.

Nigerian Breweries Plc rounds up the top three gainers for today by gaining 1.15% to close at N65.

On the flip side, Presco Plc was the worst performing stock today. The stock declined by  7.57% to close at N62.75. Conoil Plc fell by 3.37% to close at N20.8. Total Plc rounds up the top three losers for the day after shedding 1.26% to close at N166.1.

Top Trades by Volume: Transnational Corp of Nigeria Plc was the most actively traded stock today. 34 million shares valued at 42 million traded in 99 deals. Dangote Flour Plc was next with 23 million shares valued at N450 million traded in 629 deals. Chams Plc rounds up the top three most actively traded stocks today. 20 million shares valued at N10 million were traded in 83 deals.

A negative April: Recall that a recent article by Nairametrics reported that investors lost N713 billion in April 2019 after the Nigerian Stock Exchange (NSE) closed lower than the market capitalisation and the All Share Index it opened the month of April with.

The market closed with a market capitalization of N10.959 trillion, lower than the N11.679 trillion that was recorded in the beginning of April.


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