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Home Business News

The Stock Market closes in positive territory

Inimfon Asifa by Inimfon Asifa
September 2, 2019
in Business News, Markets, Stock Market
stock, market, stock market, Nigerian Stock Exchange
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The Nigerian Stock Exchange (NSE) ended Monday’s trading session in positive territory. The All-Share Index closed at 27,565.09 basis points, up 0.14%. Year to date, the index is down by 12.30%.

Top Gainers

Cement Company of Northern Nigeria Plc was the best-performing stock today. The stock gained 9.78% to close at N17.40. Cornerstone Insurance Plc gained 9.52% to close at N0.23. United Bank of Africa Plc gained 5.58% to close at N6.20. Nestle Nigeria Plc also gained 5.94% to close at N1319. GlaxoSmithKline Consumer Nigeria Plc rounded off the top five gainers for today. The stock gained 3.47% to close at N7.45.

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Top Losers

On the flip side, UAC of Nigeria Plc was the worst-performing stock, declining by 10% to close at N4.50. Champion Breweries Plc fell by 9.80% to close at N1.38. Africa Prudential Plc fell by 9.25% to close at N3.63. Chams Plc fell by 7.69% to close at N0.24. Tripple Gee and Company Plc also rounded off the top five losers for the day. The stock shed 7.35% to close at N0.63.

Top Trades by Volume

Zenith Bank Plc was the most actively-traded stock today. 16.1 million shares valued at N283.9 million were traded in 327 deals. United Bank of Africa Plc was next with 13.9 million shares valued at N86 million traded in 266 deals, followed by FBN Holdings Plc with 13.6 million shares valued at N64.8 million traded in 192 deals.

UAC of Nigeria Plc was next with 7.7 million shares valued at N35.9 million traded in 170 deals. Guaranty Trust Bank Plc rounded off the top five most actively traded stocks today with 5.1 million shares valued at N141 million traded in 246 deals.

[READ ALSO: A guide to how Mutual Funds work in Nigeria]


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Inimfon Asifa

Inimfon Asifa

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Comments 1

  1. Obiajulu says:
    September 2, 2019 at 10:29 pm

    Sec need to improve greatly. That’s part of what we are saying, harsh economics environment.
    How on earth will it take almost two years to regularise a person’s e-dividend? I registered for this last year, up until now I’m yet to receive my pay. Yes, i have three accounts but with the same name. Its this how foreign investors is expected to be running about?

    Reply

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