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Guaranty Trust Bank Plc, FBN Holdings Plc, Fidelity Bank Plc, Zenith Bank and United Bank for Africa Plc led the most actively traded stocks on the Nigerian Stock Exchange (NSE) on Thursday’s trading session.

Details: While Guaranty Trust Bank Plc led the chart with 35.2 million shares valued at N946.7 million traded in 199 deals, FBN Holdings followed with 24.3 million shares valued at N130.7 million in 144 deals and Fidelity Bank traded 13.9 million shares valued at N23.6 million in 62 deals.

Zenith Bank followed with 11.9 million shares valued at N213 million traded in 271 deals and United Bank for Africa rounded off the top five most actively traded stocks with 9.9 million shares valued at N58.1 million traded in 171 deals.

However, Thursday’s trading session ended in negative territory as the All-Share Index closed at 26,456.29 basis points, down by 0.06%.

Top Gainers:  Wapic Insurance Plc earned the best-performing stock, as it gained 9.38% to close at N0.35, followed by Chams Plc gained 9.09% to close at N0.24. FCMB Group Plc gained 6.92% to close at N1.7, Flour Mills of Nigeria Plc and Law Union & Rock Insurance Plc gained 2.37% to close at N15.10, and 2.08% to close at N0.49 respectively.

Top Losers: Cornerstone Insurance Plc was the worst-performing stock, dropped by 8.11% to close at N0.34. Union Bank for Africa Plc also fell by 2.52% to close at N5.80. Followed by Wema Bank Plc, which fell by 1.69% to close at N0.58, GTB also fell by 1.30% to close at N26.65. Dangote Flour rounded off the top five losers for the day. The stock shed 0.86% to close at N23.

[READ ALSO: Fidelity Bank CEO talks merger plan, weighs in on telecoms-led PSB threat]

Corporate Action

International Breweries Plc,  notifies the public at the General Meeting held on 15 October, 2019 approved the Rights Issue as proposed by the Board of Directors and authorized the Board to take all steps required to give effect to the Resolutions as approved.

Following this approval, the Board of Directors discussed the forthcoming Rights Issue and the proposed terms thereof and approved a Rights Issue price of N9.00 per share.


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