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Stock market short-lives Monday’s gains but Global Spectrum maintains large trade. See why

NSE delists Alumaco, Vono, 7Up, 19 others for non-compliance

The Nigerian Stock Exchange (NSE) short-lived its gains from Monday’s trading session, shedding 0.16% in Tuesday’s trading session. The NSE All Share Index closed at 26,513.65 basis point. Year to date the bourse is down 15.64%.

Top 5 gainers
On the gainers’ chart, NAHCO Aviance recorded the highest gain of 5.15%, closing at N2.45. CCNN closed at N15.85, gaining 4.28%. Cornerstone Insurance and United Capital Group both gained 3.45% to close at N0.37 and N2.03 respectively.

Fidson closed at N4, gaining 1.27%. FBN Holdings rounds up the top 5 gainers with a 0.95% gain to close at N5.30.

Top 5 losers
On the flipside, GlaxoSmithKline or GSK had the highest decline of 9.86% to Close at NN6.40. Courtville shed almost all its gains from Monday’s trade today. The stock lost 9.09% to close at N0.20.

Union Diagnostics and Clinical Services closed at NN0.24, losing 8.33%. The stock price had remained unchanged since September 30, 2019.

Chams Plc lost 7.69% to close N0.24. AIICO Insurance closed the top 5 decliners with a 7.35% loss to close at N0.63.

Top 5 trades
Tuesday’s trading session witnessed 174. 4 million shares valued at N2.3 billion exchanged hands in 2,484 deals. For the top 5 trades by volume, Access Bank traded 27.3 million shares valued at N201.5 million in 176 deals. 24.6 million GTBank shares worth N655.8 million were traded in 166 deals.

FCMB traded 22.96 million shares valued at N36.8 million in 43 deals.

Global Spectrum Energy Services Plc recorded a large trade on its shares for the second time this week with 20 million shares worth N94 million traded in 2 deals. This indicates that a new investor is in the house.

Transcorp rounds up the top 5 trades by volume with 14.5 million shares valued at N14.6 million traded in 43 deals.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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