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Home Business News

The stock market trades in positive territory

Inimfon Asifa by Inimfon Asifa
September 11, 2019
in Business News, Markets, Stock Market
Nigerian Stock Exchange, Nigerian Stocks
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The Nigerian Stock Exchange (NSE) ended Wednesday’s trading session in positive territory. The All-Share Index closed at 27,153.53 basis points, up 0.39%. Year to date, the index is down by 13.6%.

Top Gainers: May & Baker Nigeria Plc was the best-performing stock today. The stock gained 10% to close at N2.09. FCMB Plc gained 5.81% to close at N1.64. Seplat Plc gained 5.63% to close at N450. Nestle Nigeria Plc also gained 3.70% to close at N1120. Cement Company Northern Nigeria Plc rounded off the top five gainers for today. The stock gained 1.54% to close at N16.5.

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

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Top Losers: On the flip side, UAC Nigeria Plc was the worst-performing stock, declining by 2.42% to close at N6.05. Flour mills of Nigeria Plc fell by 1.85% to close at N13.25. Guinness Nigeria Plc fell by 0.80% to close at N37. Stanbic IBTC Bank Plc fell by 0.69% to close at N35.75. Dangote Flour Plc rounded off the top five losers for the day. The stock shed 0.67% to close at N22.1.

Top Trades by Volume: Courteville Business Solutions Plc was the most actively-traded stock today. 35.2 million shares valued at N7.7 million were traded in 11 deals. Sterling Bank Plc was next with 34.6 million shares valued at N78 million traded in 1395 deals, followed by Access Bank Plc with 29.9 million shares valued at N208.4 million traded in 520 deals.

Transnational Corp of Nigeria Plc was next with 15.8 million shares valued at N16 million traded in 64 deals. United Bank of Africa Plc rounded off the top five most actively traded stocks today with 12.4 million shares valued at N77.4 million traded in 167 deals.

[READ ALSO: Nigeria Stock Market ASI goes south after Democracy Day]


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Tags: Dangote Flour PlcMay & Baker PlcNigerian Stock ExchangeUAC Nigeria Plc
Inimfon Asifa

Inimfon Asifa

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