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Home Markets Equities Stock Market

ZENITH BANK, ECOBANK, UBA, record losses, as ASI drops by 0.06%

Olumide AdesinabyOlumide Adesina
2 years ago
in Stock Market
Sulaimon Adedokun resumes as TRANEX Board Chairman  Dangote Cement, Zenith Bank, shares, stocks, ARM's Shares of fortune, Understanding securities lending, nigerian stock exchange, coronavirus, NSE, Bears return ASI down 0.13% as trading volumes plunge, What’s going to happen to Nigeria’s stock market in May?, What’s going to happen to Nigeria’s stock market in May?, Nigerian bourse gains N37. 26 billion, triggered by BUACEMENT, ZENITH
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The Nigerian Stock Exchange started the first trading week on a slightly bearish note. The All Share Index dropped by 0.06% to close at 25,027.61 basis points, as against +0.45% gain recorded previously.

Its Year-to-Date (YTD) returns currently stands at -6.76%. Also, the Nigerian bourse’ market capitalization presently stands at N13.056 trillion.

The activity levels were mixed such that while the total volume of shares traded in 4,294 deals improved by 5.02% to 175.32 million units, the total value fell by -28.93% to N1.43 billion. FBNH was the most traded by volume at 22.93 million units as GUARANTY topped by value at N344.27 billion.

READ MORE: Crypto: Investors flocking in large numbers into altcoins

Meanwhile, the market breadth index was broadly positive with 18 gainers as against 11 losers. CORNERST (+9.09%) led the gainer’s chart today, while CHAMPION (-9.47%) topped the losers.

The top gainers

  • UNILEVER up 7.14% to close at N12
  • UCAP 6.93% to close at N3.24
  • GUINNESS up 6.38% to close at N15
  • CAP up 2.94% to close at N17.5
  • WAPCO up 2.13% to close at N12

The top losers

  • UACN down 4.84% to close at N5.9
  • ETI down 4.71% to close at N4.05
  • UBA down 1.53% to close at N6.45
  • BUACEMENT down 1.39% to close at N38.95
  • ZENITHBANK down 0.59% to close at N16.8

Outlook for the coming days

The NSE ended Monday’s trading session on a slightly bearish note, as the Federal Government lifted the ban on interstate travels coupled with the resumption of local flights. These have helped in boosting economic activities around major economic hubs in Nigeria.

READ ALSO: Top banks’ stocks plunge, as bears overwhelms Nigerian tier-2 banks’ rally

However, Nairametrics envisages cautious buying on that basis of prevailing low market liquidity and the recent plunge in Nigeria’s external reserve below the $36 billion levels.

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Tags: BuacementCAPEcobankETIGTBankGuinnessNigerian stock marketNigerian StocksNSENSE30STOCKSUBAUCAPUnileverWAPCo

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