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NSE Live: Law Union and Rock Insurance, UBA, Zenith Bank dominate trades as Nigeria bourse ends Tuesday bearish

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Stock Market: Investors lose N546b in first half

The Nigerian Stock Exchange (NSE) made a U-turn for the worst in Tuesday’s trading as bearish sentiment in the market causes it to close negative. The NSE All Share Index fell to 26,375.35, down by 0.10%. Year to date, the market is down by 16.08%.

Top 5 gainers

Law Union and Rock Insurance top the gainers’ chart with 9.52% to close at N0.46. The stock is one of the most traded on Tuesday. Unity Bank closed at N0.58, gaining 9.43%.

Consolidated Hallmark Insurance gained 7.89% to close at N0.41. Ecobank ended trading sessions with 7.69% gain to close at N7 7.69%.

FCMB rounds up the top 5 gainers with 6.87% to close at N1.71 6.87%.

Top 5 trades

UACN Property Development Company had the worst loss from Tuesday’s trading session. The stock closed at N0.97 and lost 9.35%.

Honeywell Flour Mills closed at N0.98, losing 5.77%

Nestle lost 4.16% to close at N1,150. AIICO Insurance closed at N0.68. The stock shed 2.86% in Tuesday’s session.

Guinness Nigeria rounds up the top 5 losers with 2.31% to close at N23.30.

Top 5 trades

Tuesday’s trading session witnessed 304.3 million shares valued at N3.99 trillion exchanged hands in 3,091 deals.

Law Union and Rock Insurance top the top 5 trades by volume with 70.4 million shares valued at N29.6 million traded in 4 deals.

UBA traded 51.8 million shares valued at N335.4 million in 281 deals. 50.4 million Zenith Bank shares worth N877 million were traded in 519 deals.

GTBank traded 26 million shares valued at N678 million in 280 deals. Guinness Nigeria rounds up the top 5 trades by volume with 18.8 million shares worth N438.6 million traded 71 deals.

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