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Nairametrics
Home Business News

The Stock Market has started off the week on a rather sad note

Inimfon Asifa by Inimfon Asifa
July 1, 2019
in Business News, Markets, Stock Market
Nigerian Stock Stock, Investors lose N26 billion as ASI dipped 0.22% on Wednesday,Bears return to global equity markets, Trump’s help boost Crude oil
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The Nigerian Stock Exchange (NSE) ended Monday’s trading session in negative territory. The All Share Index closed at 29,614.61 basis points, down 1.18%.

Year to date, the index is down 5.78%.

Top Gainers and Losers: Cornerstone Insurance Plc was the best performing stock yesterday. The stock gained 10% to close at N0.22. NPF Microfinance Bank Plc also gained 8.57% to close at N1.14. Consolidated Hallmark Insurance Plc gained 7.69% to close at N0.28. Academy Press Plc gained 7.41% to close at N0.29. Chams Plc rounded up the top five gainers for Monday by gaining 6.90% to close at N0.31.

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FTN COCOA, UNITY BANK leads as NGX top gainers for the week

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[READ ALSO: All Share Index ends Friday green as First Bank drops FY 2018 results]

On the flip side, Red Star Express Plc was the worst performing stock, declining by 10% to close at N4.95. Transnational Corp of Nigeria Plc also fell by 9.73% to close at N1.02. Ecobank Transnational Inc fell by 9.09% to close at N10. Guaranty Trust Bank Plc fell by 6.99% to close at N30.60. Unilever Nigeria Plc rounds up the top five losers for the day. The stock shed 6.97% to close at N30.70.

Top Trades by Volume: Transnational Corp of Nigeria Plc was the most actively traded stock today. 21.8 million shares valued at N22 million were traded in 92 deals. FBN Holdings Plc was next with 12.3 million shares valued at N81.3 million traded in 179 deals. Zenith Bank Plc was next with 8.5 million shares valued at N168 million traded in 335 deals. Access Bank Plc was next with 7.6 million shares valued at N50 million traded in 197 deals. Guaranty Trust Bank Plc rounded up the top five most actively traded stocks on Monday with 7.5 million shares valued at N232 million traded in 224 deals.


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Inimfon Asifa

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