NSE trades negatively for the fourth time this week

The Nigerian Stock Exchange (NSE) ended Thursday’s trading session in negative territory. The All Share Index closed at 29,300.09 basis points, down 0.26%. Year to date, the index is down 6.78%.

Top Gainers and Losers: Cutix Plc was the best performing stock today. The stock gained 9.22% to close at N1.54. Academy Press Plc also gained 8.82% to close at N0.37. Livestock Feeds Plc gained 8.51% to close at N0.51. Learn Africa Plc gained 8.15% to close at N1.46. Custodian and Allied Insurance Plc was the last of the top five gainers for Thursday by gaining 7.76% to close at N6.25.

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On the flip side, Presco Plc was the worst performing stock, declining by 10% to close at N46.80. Sovereign Trust Insurance Plc also fell by 8.70% to close at N0.21. Wapic Insurance Plc fell by 8.51% to close at N0.43. Japaul Oil & Maritime Services Plc fell by 8% to close at N0.23. Chams Plc was the fifth of the top five losers for the day. The stock shed 7.14% to close at N0.26.

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Top Trades by Volume: Lafarge Africa Plc was the most actively traded stock today. 40.9 million shares valued at N552 million were traded in 298 deals. Access Bank Plc was next with 23.2 million shares valued at N153 million traded in 265 deals, followed by United Bank Plc with 20 million shares valued at N122 million traded in 274 deals. Zenith Bank Plc was next with 12 million shares valued at N230 million traded in 329 deals. Transnational Corp of Nigeria Plc was the last of the top five most actively traded stocks on Thursday with 11.5 million shares valued at N12 million traded in 79 deals.

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