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NSE ROUNDUP: Investors lose N41.5bn as the Nigerian bourse closes the week bearish



Equities market extends losses by 0.26%

Investors lost N41.5 billion as the Nigerian stock market ended the week bearish. They shed 0.32% on a week to date basis and 15.85% on a year to date basis.

This week, 19 equities appreciated in value, lower than 20 from the previous week. 23 equities depreciated in value, lower than 33 equities from the previous week, while 124 equities remained unchanged, higher than 113 recorded from the previous week.

A total of 896.6 million shares valued at N16.6 billion were traded in 12,638 deals, compared to 1.4 billion shares valued at N31.96 billion traded in 13,616 deals from the previous week.

Top 10 gainers

Consolidated Hallmark Insurance led the weekly top 10 gainers opening the week at N0.28 and closed at N0.33, gaining 17.86%. Fidson Healthcare opened at N3.60 and closed at N4, gaining 11.11%.

Custodian Investment opened at N5.65 and gained 9.73% to close at N6.20. Law Union and Rock Insurance opened at N0.44 and closed at N0.47, gaining 6.82%. Livestock Feeds opened the week at N0.47 and closed at N0.50, gaining 6.38%.

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Axa Mansard Insurance gained 6.25%. The stock opened the week at N1.60 and closed at N1.70. NAHCO Aviance opened at N2.33 and closed at N2.45, gaining 5.15%. FCMB  gained 5% to close at N1.68, opening at N1.60.

CCNN opened the week at N15.20 and closed at N15.85, gaining 4.28%. Fidelity Bank ends the weekly top 10 gainers with a 4.24%, opening at N1.65 and closing at N1.72.

Top 10 losers

On the flipside, Cornerstone Insurance led losers, opening at N0.39 and losing 17.95% to close at N0.32. Cutix followed with a 12.67 loss. The stock opened at N1.50 and closed at N1.31. PZ Cussons Nigeria opened the week at N6.30 and closed at N5.55, losing 11.90%.

Chams was next with a 11.54% loss to close at N0.23. The stock opened at N0.26. UAC of Nigeria opened at N7.15 and closed at N6.40, losing 10.49%.

UPDC opened at N1.11 and closed at N1, shedding 9.91%. GlaxoSmithKline Consumer Nigeria opened at N7.10, losing 9.86% and closing at N6.40. Learn Africa opened at N1.23 and closed at N1.11, losing 9.76%.

Vitafoam shed 9.74% in this week’s trading. The stock opened at N3.90 and closed at N3.52. Global Spectrum Energy Services, one of the stocks with large movement during the week, rounds up this week’s top 10 losers with a loss of 9.62%. The stock opened at N5.20 and closed at N4.70.


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