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NSE Live: Custodian Insurance back on the losers’ chart as the bourse closes bearish

Investors lose N155.2bn as market begins second half on a bearish note

Custodian Insurance, one of the top trades by volume, slipped into the losers’ chart in Thursday’s trading session. The Nigerian Stock Exchange (NSE) closed negative with the All Share Index closing at 26,583.75, down by 0.06. Year to date the market is down by 15.42%.

Top 5 losers

Wapic Insurance was the biggest loser with 8.57% loss, closing at N0.32. Linkage Assurance Plc followed with a 7.84% loss to close at N0.47.

Custodian Insurance closed at N5.65, losing 5.83%. Honeywell Flour Mills lost 5% to close at N0.95. Royal Exchange closed the top 5 losers with a 4.76% loss to close at N0.20.

Top 5 gainers

Learn Africa retained the best performer for Thursday with a 9.82% gain to close at N1.23. Livestock Feeds followed with a 9.30% gain to close at N0.47.

Read also: 2020 BUDGET: LCCI knocks Nigerian govt’s N305 foreign exchange benchmark

Cornerstone Insurance remained on the gainers’ chart with a 7.50% to close at N0.39. ABC Transport closed at N0.40, gaining 5.26%. Wema Bank rounds up the top 5 gainers to close at N0.60, gaining 3.45%.

Top 5 trades

The NSE had 2,650 deals – less than yesterday’s deals of 2,907 – that saw 363 million shares valued at N19 billion exchanged hands. Dangote Cement was the most traded stock by volume with 114.6 million shares worth N16.6 billion traded in 131 deals. Access Bank traded 80.6 million shares valued at N592.7 million in 196 deals.

51.6 million FCMB shares worth N82.6 million were traded in 46 deals. Zenith Bank traded 17.5 million shares valued at N314.6 million in 295 deals. African Alliance rounds up the top 5 trades by volume with 16.7 million shares valued at N3.3 million traded in 3 deals. A new investor might be taking a position in the insurance company.

Ripples Nigeria

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