Nigeria: Bearish run continues as index sheds 0.09%

Dec 06, 2019

The Nigerian bourse recorded a negative market breadth for the fourth straight day this week as profit-taking activities held sway throughout Thursday trade. The All Share Index (ASI) went down lower by 0.09% to close at 26,913.70. Market capitalisation stood at N12.990 trillion at the close of business today. Year to day, the index is down by 14.13%.

TOP 5 GAINERS

Dangote Sugar led the gainers’ table with 8.03% appreciation to close at N14.8. UACN added up 6.62% to close today’s trade at N8.05. Nigerian Breweries climbed up by 0.29% to N51.2. Cutix inched up by 4.05%, closing at N1.54. UCAP completed the top 5, rising to N2.3 by a margin of 1.77%.

TOP 5 LOSERS

Arbico slumped to N4.32 by 9.81%, its first time of depreciating in 52 weeks. Fidson fell by 9.33% to close today’s trade at N3.4. Marginally declining by 2.69%, Access Bank ended Thursday’s trade at N9.05. Medview plunged by 10% to N1.62 while FBN Holdings lost 2.21% to close at N6.65.

TOP 5 TRADES

In all, 207.260 million shares worth N2.845 billion were traded in 3,842 deals. UACN was the most preferred trade today as 40.230 million of its shares priced at N315.899 million exchanged hands in 159 transactions. Access Bank followed with 28.288 million shares worth N260.132 million were traded in 256 transactions. GTB had 27.732 million units of its shares worth N837.666 million traded in 174 deals. 25.909 million shares of Zenith bank estimated at N484.604 million were exchanged in 406 deals. FBN Holdings traded 23.766 million shares valued at N159.207 million in 195 deals.

NEW DEVELOPMENT

Okomu Oil Palm Company Plc notified the Exchange and the investing public of the appointment of Arnaud Arhainx as its new Finance Direcor. Mr Arhainx would replace Mr Alain Mary, who had handed in his resignation with effect from 26th October 2019.

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