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Nairametrics
Home Business News

The Nigerian Stock Market closes in negative territory

Nairametrics by Nairametrics
August 14, 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 27,083.11 basis points, down 0.82%.

Year to date, the index is down by 13.83%.

Top Gainers: Continental Reinsurance Plc was the best-performing stock today. The stock gained 4.32% to close at N1.45. Custodian and Allied Insurance Plc also gained 3.33% to close at N6.20. Africa Prudential Plc gained 1.41% to close at N3.60. Union Bank of Nigeria Plc gained 0.74% to close at N6.80. Sovereign Trust Insurance Plc rounded off the top five gainers for today. The stock gained 5% to close at N0.2.

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[READ ALSO: CBN is no longer independent – Moghalu]

Top Losers: On the flip side, UAC of Nigeria Plc was the worst-performing stock, declining by 10% to close at N4.95. NPF Microfinance Bank Plc fell by 9.32% to close at N1.07. Flour Mills of Nigeria Plc fell by 8.50% to close at N14. Total Nigeria Plc fell by 7.84% to close at N105. Chams Plc rounded off the top five losers for the day. The stock shed 7.69% to close at N0.24.

Top Trades by Volume: Guaranty Trust Bank Plc was the most actively-traded stock today. 49.8 million shares valued at N1.2 billion were traded in 363 deals. Zenith Bank Plc was next with 34.7 million shares valued at N563 million traded in 594 deals, followed by Access Bank Plc with 33.2 million shares valued at N199 million traded in 205 deals.

FBN Holdings Plc was next with 20.4 million shares valued at N97.4 million traded in 290 deals. Fidelity Bank Plc rounded off the top five most actively traded stocks today with 10.6 million shares valued at N15.8 million traded in 77 deals.

[READ MORE: Fintechs to Drive CBN’s Financial Inclusion Target]

Corporate Action

Okomu Oil Palm Plc has notified the general public of its intensified steps to improve collaborative arrangement with the Edo State Government in the Agricultural industry through a partnership with the local communities and indigenous farmers to boost job creation and enhance modern agriculture techniques to increase in production.


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Tags: Chams PlcFBN Holdings PlcFidelity Bank PlcGuaranty Trust Bank plcOn the MoneyTotal Nigeria Plc
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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