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NSE: Bear sustains stranglehold on market as GTB, Cadbury, Berger Paints lead losers

Stock Market: Investors lose N546b in first half

The bearish run that started last Monday entered its sixth day today as the Nigerian bourse recorded a negative market breadth at the close of trade. Profit-taking, principally in blue chip stocks, continued and dragged the performance of key market indicators down. The All Share Index (ASI) closed at 26,681.32 basis points, shedding 0.65% in the process. The market capitalisation dipped to N12.878 trillion at the end of today’s trade. Year to date, the index is down by 15.11%.


Eterna Oil led advancers today, appreciating by 7.14% to close at N3. Mansard Insurance added up 9.09% to end today’s trade at N1.8. Cornerstone Insurance went up by 7.94% to N0.68. NPFMCRFBK rose to N1.15, notching up 3.60% in the process. Fidelity Bank completed the top 5, climbing to N2.04 by 0.99%.

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GTB topped the pack of losers, declining by 3.01% to close at N29. Cadbury shed 8.59% to end the week at N9.05. Berger Paints fell to N6.75, losing 10%. Dangote Cement slumped to N142, recording 0.49% depreciation. C&I Leasing closed at N5.4 after going down by 9.24%.


192.685 million shares valued at N3.548 billion were traded today in 3,594 deals.

Zenith Bank was the most active stock with 24.233 million of its stocks worth N450.057 million traded in 348 deals. 19.620 million of UACN shares priced at N159.335 million exchanged hands in 138 transactions. Dangote Cement had 12.862 million shares valued at N1.802 billion traded in 142 deals. FBN Holdings traded 12.254 million shares estimated at N78.011 million in 204 transactions. FCMB traded 10.016 million shares valued at N17.922 million in 87 deals.

Ronald Adamolekun

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About the author

Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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