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Home Business News

May & Baker, United Capital Plc make best stocks as NSE closes negatively

Fakoyejo Olalekan by Fakoyejo Olalekan
August 6, 2019
in Business News, Markets, Stock Market
All Share Index, Zenith, Fidelity, FBN leads actively traded stock on Wednesday

Stock Exchange building

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The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All Share Index closed at 27,527.40 basis points, down 0.51%. Year to date, the index is down by 12.42%.

Top Gainers: May & Baker Nigeria Plc was the best-performing stock today. The stock gained 4.35% to close at N2.40. United Capital Plc also gained 3.88% to close at N2.14. Sterling Bank Plc gained 3.48% to close at N2.38. Cement Company of Northern Nigeria Plc gained 3.46% to close at N13.45. Access Bank Plc rounded off the top five gainers for today. The stock gained 1.64% to close at N6.20.

Top Losers: On the flip side, Beta Glass Plc was the worst-performing stock, declining by 9.95% to close at N59.75. Continental Reinsurance Plc fell by 9.88% to close at N1.55. Cadbury Nigeria Plc fell by 9.65% to close at N10.30. Law Union & Rock Insurance Plc fell by 8.51% to close at N0.43. Caverton Offshore Support Group Plc rounded off the top five losers for the day. The stock shed 8.00% to close at N2.30.

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Top Trades by Volume: Access Bank Plc was the most actively-traded stock today. 65.12 million shares valued at N409.15 million were traded in 201 deals. Guaranty Trust Bank Plc was next with 17.6 million shares valued at N488.82 million traded in 220 deals, followed by Dangote Flour Plc with 16.15 million shares valued at N324.54 million traded in 276 deals.

Zenith Bank Plc was next with 10.93 million shares valued at N197.41 million traded in 371 deals. United Bank for Africa Plc rounded off the top five most actively traded stocks today with 7.57 million shares valued at N45.16 million traded in 173 deals.


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Tags: May & Baker Nigeria PlcNigerian Stock Exchange (NSE)United Capital Plc
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

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