Business
NSE: WAPCO, Dangote Sugar, UBA lead losers as market closes in the negative
Today’s trade ended on the Nigerian Stock Exchange (NSE) with the market reversing nearly all the gain it made last Friday and slipping back to the negative territory. Still struggling hard to find a stable recovery, it lost over N14.672 billion as a fairly large number of investors made efforts to recoup their investment.
Hefty sales in the shares of FBN Holdings principally accounted for today’s loss. The market posted a positive breadth as 18 gainers emerged against 14 losers.
The All Share Index (ASI) dipped by 0.12% to close at 22,705.19 basis points. In the same vein, the market capitalisation climbed down to N11.832 trillion at the end of Monday’s trade. Year to date, the index is down by 15.41%.
TOP 5 GAINERS
In value terms, construction giant, Julius Berger led gainers on the back of its declaration today of N2.75 final dividend and 1 for 5 bonus for Full Year 2019. It appreciated by 9.65% to close at N37.15. Zenith Bank added up 7.56% to end today’s trade at N12.8. Union Bank went up 10% to N6.6. Ekocorp rose to N6, notching up 9.09% in the process. PZ completed the top 5, climbing up by 8% to N4.04.
TOP 5 LOSERS
WAPCO topped the losers’ chart today, declining by 6.10% to close at N10. Dangote Sugar shed 2.96% to end today’s trade at N9.85. UBA fell to N5.05, losing 5.61%. FBN Holdings slumped to N3.7, recording 7.50% depreciation. SAHCO closed at N2.32, going down by 9.73%.
READ ALSO: NSE ROUNDUP: Investors lose N3.457tn in less than 2 months to relentless profit-taking
TOP 5 TRADES
551.483 million shares estimated at N5.755 billion were traded today in 6,981 deals.
GTB was the most active stock with 137.232 million of its stocks worth N2.614 billion traded in 1,333 deals. 135.302 million units of FBN Holdings shares priced at N518.250 million exchanged hands in 829 transactions. Zenith Bank had 133.173 million shares valued at N1.649 billion traded in 1,595 deals. Access Bank traded 35.227 million shares estimated at N194.182 million in 443 transactions. UBA traded 22.814 million shares valued at N114.913 million in 353 deals.
Join the conversation
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.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...