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Home Business News

GTBank, FBNH, Fidelity, 2 others boost stock market by N3.9billion on Thursday

Inimfon Asifa by Inimfon Asifa
October 3, 2019
in Business News, Stock Market
stock, market, stock market, Nigerian Stock Exchange
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Guaranty Trust Bank Plc, FBN Holdings, Fidelity Bank, Transnational Corporation and Access Bank boosted trading activities on the floor of the Nigerian Stock Exchange by N3.91 billion on Thursday.

While GTBank earned the most actively-traded stock today with 44.6 million shares valued at N1.2 billion in 245 deals, FBN Holdings Plc was next with 17.3 million valued at N93.6 million Plc traded in 179 deals. Fidelity Bank with 11.2 million shares valued at N19 million traded in 52 deals, followed by TransCorp and Access Bank, with 9.8 million shares valued at N9.9 million traded in 62 deals and 9.3 million shares valued at N69.1 million traded in 216 deals respectively.

Meanwhile, Ecobank Transnational Inc, Cement Company of Northern Nigeria, Nigerian Breweries, 11Plc (MOBIL) and Flour Mill Nigeria led the gainers’ chart at the end of trading on the floor of the Nigerian Stock Exchange (NSE) today.

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While Ecobank Transnational Inc earned the best-performing stock, as it gained 8.28% to close at N7.85, Cement Co Northern Nigeria Plc gained 5.81% to close at N16.4, Nigerian Breweries Plc,  11 Plc (MOBIL), Flourmill Nigeria, gained 2.76% to close at N50.35, 0.72% to close at N140, 2.74% to close at N15 respectively.

Trading at the bourse ended Thursday in negative territory as the All-Share Index closed at 27,085.69 basis points, down by 0.84%.

Top Losers: Nestle Plc was the worst-performing stock, dropped by 9.99% to close at N1255.5. Beta Glass Plc fell by 9.96% to close at N53.8. Unilever Nigeria Plc fell by 7.68% to close at N53.8. Guinness Nigeria Plc fell by 3.24% to close at N32.9. Dangote Sugar Plc rounded off the top five losers for the day. It shed 2.31% to close at N10.55.

[READ ALSO: What UACN decision to un-bundle UPDC means for its shareholders]


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