NSE: Nestle, MTNN, Dangote Cement top losers as index slumps further

The Nigerian Stock Market (NSE) recorded yet another negative market breadth today as key market indicators performed woefully. Profit-taking in some blue chip stocks, continued and dragged the overall performance of the market down. The All Share Index (ASI) closed at 26,384.21 basis points, shedding 1.11% in the process. The market capitalisation dipped to N12.724 trillion at the end of today’s trade. Year to date, the index is down by 16.06%.

TOP 5 GAINERS

Ekocorp led advancers today, gaining 3.75% to close at N4.15. Glaxosmithkline added up 1.75% to end today’s trade at N5.8. FCMB went up by 3.95% to N1.84. Zenith Bank rose to N18.55, notching up 0.27% in the process. Access Bank completed the top 5, climbing to N9.2 by 0.55%.

READ ALSO: CBN expects 2.38% GDP growth by Q4

TOP 5 LOSERS

Nestle topped the losers’ chart today, declining by 3.7% to close at N1,300. MTNN shed 1.69% to end the day at N116. Dangote Cement fell to N140, losing 1.41%. Arbico slumped to N3.89, recording 9.95% depreciation. Unilever at N18.5 after going down by 2.12%.

TOP 5 TRADES

196.292 million shares valued at N3.551 billion were traded today in 3,153 deals.

GTB les the activity chart with 49.225 million of its stocks worth N1.433 billion traded in 215 deals. 21.003 million units of Access Bank shares priced at N192.913 million exchanged hands in 264 transactions. Transcorp had 14.150 million shares valued at N13.821 million traded in 66 deals. Zenith Bank traded 11.232 million shares estimated at N208.385 million in 310 transactions. Wema Bank traded 10.667 million shares valued at N7.039 million in 37 deals.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now