Nigerian Stock Exchange Closes Bearish As Market Sentiment Remains Negative

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Nigerian Stock Exchange

The Nigeria Stock Market closes bearish on Thursday 5th September 2019 as sell pressure persists. The NSE Market Breath closed negative for the day as the market recorded 13 gainers amid 17 blue-chips losers.

The NSE All-Share Index dips by 0.25% to close at 27,252.09 basis points. Year-to-Date the All Share Index currently stands at -13.29%. The Equity Capitalization stood at N13,257.845 trillion at the end of today’s tradings.

UACN Property Development Company was the best performing stock for the day. The stock was up by 10% to close at N5.50. UAC Properties also appreciated by 10% to close at 99 Kobo.

Cadbury Nigeria Plc completes the top three gainers for the day. The stock gained 6.45% to close at N9.90.

On the flip side, Ikeja Hotel was the worst-performing stock today. The stock shed 9.30% to close at N1.17. Honey Well Plc declined by 7.07% to close at 92 Kobo.

PZ Nigeria Plc completes the top three losers for the day. The stock dips by 5.08% to close at N5.60.

A total number of 2,561 deals was traded on the floor of the exchange market worth N2.40 billion across all boards.

Guaranty Trust Bank was the most traded shares by volume and value for the day. The total number of 35 million shares exchanged hands in deals worth N925.88 million.

Guinness Nigeria transacted deals worth N377.78 million from 10.13 million shares.

First Bank of Nigeria completes the top three traded stocks for the day by volume. First Bank ranked in N55 million from 12.2 million shares transacted.

The market closed bearish due to heavy losses recorded by some blue-chips stocks such as Ikeja Hotels, PZ Nigeria, MTN Nigeria amongst others.

 

 

 

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