Nigeria Bourse Turnover Falls in Cautious Trading

NGX - Nigerian Exchange Loses ₦9Bln

Turnover on the Nigerian Exchange (NGX) Ltd on Friday saw a decrease of 31.22 per cent when compared with 262.14 million shares valued at ₦1.99 billion recorded in 3,955 deals recorded a day earlier.

The bourse had moved 180.30 million shares worth ₦1.72 billion traded in 3,158 deals in Friday’s cautious trading.

An analysis of the activity chart shows that Transacorp was the most active stock, exchanging 20.53 million shares worth ₦18.69 million; the firm was trailed by Access Bank (18.53 million shares at ₦170.48m); Unity Bank (5.29 million shares worth ₦7.88m); Mutual Benefits Assurance (11.81 million shares at ₦3.35m); and FBN Holdings which exchanged 11.77 million shares worth N88.04 million.

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However, the NGX All-Share Index recorded a marginal gain, appreciating by 8.82 points or 0.02 per cent to 39,261.01 from 39,252.19 posted on Thursday.

Similarly, the market capitalisation of listed equities increased by ₦4 billion or 0.02 per cent to ₦20.455 trillion from ₦20.451 trillion reported on Thursday.

Neimeth International Pharmaceutical led the gainers’ chart in percentage terms, gaining 7.57 per cent to close at ₦1.99 per share.

Transcorp followed with 5.62 per cent to close at 94k per share, while UPDC Plc gained 4.68 per cent to close at ₦1.79 per share.

Sovereign Trust Insurance added four per cent to close at 26k, while FlourMill added 3.99 per cent to close at ₦30 per share.

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Conversely, Mutual Benefits Assurance topped the laggards’ chart in percentage terms, dropping 9.68 per cent to close at 28k per share.

FTN Cocoa trailed 8.16 per cent to close at 45k, while NPF Microfinance Bank dipped 7.89 per cent to close at ₦1.75 per share.

Honeywell Flour Mills was down by 5.13 per cent to close at ₦3.70, while Chams lost 4.55 per cent to close at 21k per share.

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