Today’s trading session saw stock market investors part with N103.91 billion as the equities market capitalization, which opened at N14.37 trillion, shed 0.72% to close at N14.27 trillion.
Also, the major market performance indicator, All share Index, dipped 0.65% to close at 27,388.62 index points compared to its opening value of 27,568.91 points.
The bourse recorded 421.28 million units of shares for a total of N5.55 billion across 4,423 deals, with 14 gainers and 20 decliners.
The negative trade was attributed to the loss recorded in large capitalized stocks such as; Nestle Nigeria, Nigerian Breweries, Lafarge Africa and Guaranty Trust bank.
Jaiz Bank gained 9.52% to close at N0.69 being the best performing stock on Friday followed by Royal Exchange Plc, which gained 8.7% to close at N0.25, Livestock Feeds gained 8.06% to close at N0.67. Union Bank of Nigeria recorded 7.04% gain to close at N7.6 while Julius Berger capped the list with 6.67% gain to close at N24.
On the flip side, Skyway Aviation Handling shed 9.97% to close at N2.62 followed by May & Baker, which lost 9.9% to close at N1.82. Law Union Insurance dipped 9.88% to close at N0.73 as Prestige Assurance lost 9.84% to close at N0.55 while Nestle Nigeria rounded off the list with 9.02% loss to close at N1,130.
Top trades by volume
Zenith Bank was the most actively traded stock on the floor of the stock market having traded in 122.48 million units of shares valued at N2.24 billion across 1,044 deals, hereby accounting for 40.39% of the total value of stocks traded today.
This massive volume of trade came on the day where the bank announced the proposal to pay Dividend of N2.5k for every share of 50k per share, having posted a profit after tax of N208.8 billion for the year ended December 2019.
United Capital, which also just announced its proposal for the payment of dividends on Wednesday followed with trades in 64.84 million units of shares at N231.25 million across 483 deals.
FCMB recorded trades in 59.75 million units of shares valued at N113.53 million across 117 transactions, Flour Mills Nigeria Plc traded in 50.08 million units of shares at N1.15 billion across 49 deals while UBA rounded off the list with trades in 34.84 million units of shares at N261.6 million across 340 deals.