Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, December 20, trended negatively on abysmal performance following continued profit taking by investors.
To this end, the All Share Index, NSE ASI of the bourse depreciated by 45.69 points to close at 25.540.87 points.
Forte Oil remained top of the loseng, posting a 9.74 percent decline for the third consecutive day to close at N94.69 per share.
Interlink trailed behind with a plunge of 5 percent to close at N3.80 per share, while Vitafoam declined by 4.94 percent to close at N2.31 per share. United Capital lost 4.88 percent to close at N2.73 per share, and Transnationwide Express Plc declined 4.67 percent to close at N1.02 per share.
On the flip side, Nascon Allied Industries led the day’s gainers with 5.26 percent to close at N7.60 per share, NEM followed with a 5 percent growth to close at 84 kobo per share.
Julius Berger gained 4.98 percent to close at 38.58 per share. UAC-Prop and Diamond Bank gained 4.81 and 4.65 percent each to close at N2.18 and 90 kobo per share respectively.
Top five traded stocks in the course of the day were United Bank for Africa (UBA) with 75.5 million units of shares valued at N345.2 million.
FBN Holdings followed with 29.1 million shares worth N99.8 million while Zenith Bank came third with 25.6 million shares worth N369.9 million.
Guaranty Bank emerged the day’s fourth most traded stock with 17.5 million shares worth N436.8 million while Sterling Bank came fifth having traded 15.7 million shares amounting to N11.3 million.
At the end of trading, a total of 3,271 deals were executed.However, volume traded dropped 5 percent to settle at 248.7 million units as against 262.9 million units traded previously.
Meanwhile value traded surged by 77 percent to close at N3.103 billion from N1.75 billion recorded in previous trading session.
