Dangote, Cornerstone make gainers’ chart as bearish trend pushes market cap down to N12.89bn

Bearish sentiments on the Nigerian Stock Exchange (NSE) further depleted the market capitalisation to N12.89 trillion in Wednesday’s trading sessions. The NSE All Share Index closed at 26,472.20, shedding 0.16%. Year to date the make is down 15.78%.

Top 5 gainers

Law Union and Rock Insurance led the top 5 gainers with a 9.09% gain to close at N0.48. Livestock Feeds followed with a 6.38% gain to close at N0.50.

Cornerstone Insurance gained 5% to close at N0.37. The stock has maintained gains since the first trading day of the week.

Dangote Flour Mills (one of the stocks on our watchlist) gained 3.34% to close at N23.20. Africa Prudential rounds up the top 5 gainers with a 2.56% gain to close at N4.

Top 5 losers

On the losing side, Wapic Insurance was hit with the biggest loss of 8.57% to close at N0.32. Chams followed with 8.57%, closing at N0.22. Sterling Bank had a 7.69% loss to close at N1.80.

Lafarge Africa closed at N15.35, losing 4.06%. Ecobank rounds up the top 5 decliners with a 2.78% loss to close at N7.

Top 5 trades

Wednesday’s trading session recorded 138.5 million shares valued at N3.6 billion traded in 2,487. Access Bank topped the top 5 trades by volume with 20.7 million shares valued at N153.4 million traded in 151 deals. Global Spectrum Energy Services Plc still traded large today with 20 million shares valued at N94 million traded in 4 deals.

Zenith Bank traded 14.9 million shares valued at N266.4 million in 304 deals. 14.4 million Transcorp shares valued at N14.6 million were traded in 37 deals. FBN Holdings rounds up the top 5 trades by volume with 10.9 million shares valued at N58.3 million traded in 112 deals.

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