Home Business News NSE ends Friday on a negative note as MTN loses for the...

NSE ends Friday on a negative note as MTN loses for the first time

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The Nigerian Stock Exchange ended Friday’s trading session in negative territory as MTN Nigeria Plc makes top losers’ list since its NSE debut. The All Share Index closed at 30, 881.29 basis points, down 1.89%.

Year to date, the index is down 1.75%.

Top Gainers and  Losers: Ecobank Transnational Inc was the best performing stock today. The stock gained 9.84% to close at N10.05. Fidson Healthcare Plc gained 9.78% to close at N5.05. Fidelity Bank Plc gained 9.70% to close at N1.81. Japaul Oil gained 8.33% to close at N0.26. Finally, ABC Transport rounds up the top gainers’ list with a 7.69% gain and a share price of N0.28.

On the flip side, Neimeth International Pharmaceuticals Plc was the worst performing stock, declining by 8.93% to close at N0.51. Consolidated Hallmark Insurance Plc fell by 8% to close at N0.23. Academy Press Plc rounds up the top three losers for the day. The stock shed 7.41% to close at N0.25.

Meanwhile, MTN Nigeria Plc makes a surprising debut on this top losers’ list for the first time since its NSE listing. The stock lost by 6.04% to close at a price of N140.

Finally, Nigerian Breweries Plc rounds up the top losers’ list by shedding 6.00% to close at a share price of N58.00.

Top Trades by Volume: Guaranty Bank Plc was the most actively traded stock today. 54 million shares valued at N1.7 billion were traded in 194 deals. United Bank of Africa Plc was next with 46.1 million shares valued at N262 million traded in 388 deals. FBN Holding Plc rounds up the top three most actively traded stocks today with 18.4 million shares valued at N129 million traded in 162 deals.

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