NSE: MTNN, GSK, UBA top losers as the bourse ends week in negative territory | Ripples Nigeria
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NSE: MTNN, GSK, UBA top losers as the bourse ends week in negative territory

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The Nigerian Stock Market (NSE) closed the week in the negative territory today as key market indicators performed woefully. Profit-taking in some blue chip stocks caused the Nigerian bourse to record negative performance across its key market indicators. The All Share Index (ASI) closed at 26,536.21 basis points, shedding 0.13% in the process. The market capitalisation dipped to N12.808 trillion at the end of Friday’s trade. Year to date, the index is down by 15.57%.


Presco led advancers today, gaining 4.95% to close at N43.5. Dangote Sugar added up 3.44% to end today’s trade at N16.55. WAPCO went up by 3.33% to N13.95. ETI rose to N6.9, notching up 5.34% in the process. PZ completed the top 5, climbing to N5.25 by 5%.

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MTNN topped the losers’ chart today, declining by 2.29% to close at N115.3. Glaxosmithkline shed 9.48% to end the day at N116. UBA fell to N6.6, losing 3.65%. Oando slumped to N3.62, recording 4.74% depreciation. Caverton closed at N2.45 after going down by 3.92%.


155.347 million shares valued at N1.432 billion were traded today in 2,773 deals.
UBA led the activity chart with 42.592 million of its stocks worth N285.182 million traded in 197 deals. 13.741 million units of Zenith Bank shares priced at N256.939 million exchanged hands in 258 transactions. Union Diagnostic had 11.835 million shares valued at N2.694 million traded in 5 deals. FBN Holdings traded 8.519 million shares estimated at N55.358 million in 210 transactions. Access Bank traded 8.482 million shares valued at N79.573 million in 172 deals.

Ronald Adamolekun

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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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