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Home Business News

The Nigerian Stock Market ends the week on a bearish note

Inimfon Asifa by Inimfon Asifa
June 7, 2019
in Business News
stock, market, stock market, Nigerian Stock Exchange
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The Nigerian Stock Exchange ended Friday’s trading session in negative territory. The All Share Index closed at 30,432.39 basis points, down 0.31%.

Year to date, the index is down 3.18%.

Top Gainers and Losers

Cutix Plc was the best performing stock today. The stock gained 6.67% to close at N1.40. NPF Micro Finance Bank Plc also gained 6.67% to close at N1.44. Chams Plc gained 5.88% to close at N0.36. Wema Bank Plc gained 3.33% to close at N0.62. LASACO Assurance Plc rounded up the top five gainers for today. The stock gained 3.23% to close at N0.32.

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On the flip side, PZ Cussons Nigeria Plc was the worst performing stock, declining by 9.82% to close at N7.35. University Press Plc fell by 9.82% to close at N1.80. Consolidated Hallmark Insurance Plc fell by 9.09% to close at N0.20. Total Nigeria Plc fell by 7.41% to close at N150. Academy Press Plc rounded up the top five losers for the day. The stock shed 6.90% to close at N0.27.

Top Trades by Volume

 United Bank of Africa Plc was the most actively traded stock today. 91.6 million shares valued at N565 million were traded in 171 deals. Guaranty Trust Bank Plc was next with 29.7 million shares valued at N218 million traded in 239 deals. Royal Exchange Plc was next with 23.8 million shares valued at N5.2 million traded in 133 deals. Fidelity Bank Plc was next with 8.9 million shares valued at N15.4 million traded in 64 deals. Transnational Corp of Nigeria Plc rounds up the top five most actively traded stocks today with 8.4 million shares valued at N94.1 million traded in 52 deals.

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