Stock Market

The Nigerian Stock Exchange (NSE) ended Wednesday’s trading session in negative territory. The All-Share Index closed at 27,319.64 basis points, down 0.97%. Year to date, the index is down by 13.08%.

Top Gainers

UAC of Nigeria Plc was the best-performing stock today. The stock gained 9.89% to close at N5. UACN Property Development Company Plc gained 9.76% to close at N0.90. Africa Prudential Plc gained 8.82% to close at N3.95. Linkage Assurance Plc also gained 8.33% to close at N0.52. International Breweries Plc rounded off the top five gainers for today. The stock gained 8.18% to close at N11.90.

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Top Losers

On the flip side, Guinness Nigeria Plc was the worst-performing stock, declining by 9.90% to close at N37.30. Ikeja Hotel Plc fell by 9.79% to close at N1.29. Forte Oil Plc fell by 9.73% to close at N14.85. UPDC Real Estate Investment Trust Plc fell by 9.26% to close at N4.90. Eterna Plc also rounded off the top five losers for the day. The stock shed 5.36% to close at N2.65.

Top Trades by Volume

Access Bank Plc was the most actively-traded stock today. 81.8 million shares valued at N542.3 million were traded in 210 deals. Lafarge Africa Plc was next with 40.6 million shares valued at N587.3 million traded in 101 deals, followed by Zenith Bank Plc with 27.5 million shares valued at N481.4 million traded in 326 deals.

FBN Holdings Plc was next with 19.2 million shares valued at N89.5 million traded in 285 deals. Transnational Corp of Nigeria Plc rounded off the top five most actively traded stocks today with 13.7 million shares valued at N14 million traded in 56 deals.

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Corporate Action

MTN Nigeria Communications Plc notified the general public that all MTN stores and service centres would be closed until further notice as a precaution to the Xenophobic situation. Meanwhile, the Company will remain committed to providing uninterrupted services.

 

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