The Nigerian bourse slowed down its upward tempo, with the All-Share Index/Market Capitalization inching by +0.07%, to close at 22,554.84 points and N11.754 trillion respectively.
Market turnover was moderate, as volume and value traded increased by 16.13% and 29.60% respectively to 379.11million units and N4.327 billion in 5,985 deals. Zenith Bank was the most traded stock by volume at 84.56mn units, followed by First Bank Nigeria Holdings with 65.66 million units of trades.
Two of the five indices under coverage declined, while three advanced. On the Nigerian stock exchange, the Banking Index reversed its yesterday’s gain by -6.25% to lead the laggards, trailed by the Industrial Index (-2.04%). Contrastingly, the Consumer Goods, Insurance and Oil & Gas indices appreciated by +5.69%, +1.19%, and +0.25% respectively.
Significant depreciation in ACCESS (-10.00%), ZENITH BANK (-9.75%) and GUARANTY (-6.39%) dragged the Lenders Index lower, while WAPCO (- 6.61%) and BUACEMENT (-3.29%) weighed down the Industrial Index.
On the flip side, NESTLE (+10.00%), NB (+9.80%) and HONYFLOUR(+2.13%) propelled the Consumer Goods Index upward, as the Insurance and Oil & Gas Indices were boosted by gains in CORNERS6 (+9.59%), and CONOIL (+9.69%).
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Top gainers
NESTLE up 10.00% to close at N913.2; NB up 9.89% to close at N29.45; CONOIL up 9.69% to close at N15.85; MTNN up 3.57% to close at N101.5, and DANGCEM up 2.18% to close at N133.
Top losers
ZENITH BANK down 9.75% to close at N14.35, GUARANTY down 6.39% to close at N20.5; WAPCO down 6.61% to close at N12; STANBIC down 3.85% to close at N27.5; and BUACEMENT down 3.29% to close at N29.4.
