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Nairametrics
Home Business News

The stock market begins the week bearish

Inimfon Asifa by Inimfon Asifa
September 16, 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 27,574.32 basis points, up by 0.74%.

Top Gainers

Okomu Oil Palm Plc was the best-performing stock today. The stock gained 9.30% to close at N52.9. Cadbury Plc gained 8.37% to close at N11.65. Guaranty Trust Bank Plc gained 3.45% to close at N28.5. NASCON Allied Industries Plc also gained 2.36% to close at N13. Nigerian Breweries Plc rounded off the top five gainers for today. The stock gained 0.88% to close at N51.5.

[READ MORE: Financial market data gulps $28.5 billion from stakeholders – NSE]

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Top Losers

On the flip side, Airtel Africa Plc was the worst-performing stock, declining by 10% to close at N315. Chemical and Allied Products Plc fell by 6.06% to close at N23.25. Cement Company Northern Nigeria Plc fell by 4.44% to close at N16.15. Unilever Nigeria Plc fell by 1.02% to close at N29. Dangote Cement Plc rounded off the top five losers for the day. The stock shed 0.26% to close at N155.

Top Trades by Volume

FBN Holdings Plc was the most actively-traded stock today. 56.5 million shares valued at N309.2 million were traded in 591 deals. Guaranty Trust Bank Plc was next with 25.9 million shares valued at N731.4 million traded in 168 deals, followed by Access Bank Plc with 15.8 million shares valued at N118.5 million traded in 304 deals.

Zenith Bank Plc was next with 15.7 million shares valued at N306.3 million traded in 429 deals. Fidelity Bank Plc rounded off the top five most actively traded stocks today with 14.7 million shares valued at N26.3 million traded in 155 deals.

[READ ALSO: $9bn fine is a scam – Federal Government] 


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Inimfon Asifa

Inimfon Asifa

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