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NSE LIVE: Champion Breweries, Nigerian Breweries lead losers’ chart as market closes bearish

NSE RoundUp! Nigerian equities lose N542bn amidst global downtrend

The Nigerian Stock Exchange (NSE) closed the week on a bearish note, with the All Share Index down by 0.24% (26,293.30 basis points). Year to date the Nigeria bourse is down by 16.34%.

Top 5 losers

Champion Breweries led the top 5 losers with a 10% loss to close at N0.90. Earnings of listed brewing companies took a dive, which suggestive of Nigerians are either drinking less alcohol or reduced purchasing power.

Nigerian Breweries joined Champion Breweries in the losers’ chart with a 7% loss to close at N46.50. Law Union and Rock Insurance followed with a 6.67% loss to close at N0.42.

Stanbic IBTC closed at N35, losing 5.41%. Consolidated Hallmark Insurance rounds up today’s top 5 losers with a 5% to close at N0.38. The stock closed positive yesterday.

Top 5 gainers

On the gainers’ side, University Press rose from the losers of yesterday to top the gainers’ chart. The stock gained 10% to close at N1.43.

Oando came from out of yesterday’s loss with an 8.36% gain to close at N3.37. Unity Bank also resurrected from list of losers. The stock had a 7.41% gain to close at N0.58.

Flour Mills of Nigeria closed at N15.15, gaining 6.69%. Lafarge Africa rounds up Friday’s top 5 gainers with a 5.26% gain to close at N14. The market may be reacting to the appointment of a new Chief Finance Officer by the cement company.

Top 5 trades

Friday’s trading session witnessed 252 million shares valued at N3.7 billion traded in 2,872 deals.

Zenith Bank led top 5 trades by volume with 76.5 million shares valued at N1.3 billion traded in 444 deals.

UBA was next with 65 million shares valued at N375.99 million traded in 365 deals. GTBank traded 41 million shares valued at N1 billion in 339 deals.

14.8 million Access Bank shares worth N113.9 million were traded in 234 deals. Fidelity Bank rounds up the top 5 trades by volume with 13.4 million shares valued at N23.6 million traded in 47 deals.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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