NSE Index Slides by 0.18% on Stock Price Crash

Trading activities on the floor of theNigerian Stock Exchange, NSE, on Monday, September 5, ended on a negative note as the All Share Index lost 0.18 percent to close at 27,707.12 compared to a loss of 2.33 percent recorded last Friday at 27,756.67 points.
The day’s transactions recorded 13 gainers to 17 losers, while the year to date losses increased to -3.26 percent from -3.09 percent recorded previously.
May&Baker Plc led the day’s advancers having gained 4.94% or 4 kobo to close at 85 kobo per share, Cutix Plc added 4.67% or 7 kobo to close at N1.57 per share.
Diamond Bank Plc followed with a growth of 4.46% or 5 kobo to close at N1.17 per share, UBA Plc gained 3.69% or 16 kobo to close at N4.50 per share, and Nigerian Aviation Handling Company of Nigeria (NAHCO) Plc appreciated by 2.94% or 10 kobo to close at N3.50 per share.

Conversely, PZ Plc lead the day’s declining stocks following a decline of 4.97% or 93 kobo in its share price to close at N17.7 per share, NEM Plc lost 4.82% or 4 kobo to close at 79 kobo per share, John Holt Plc and Aiico Insurance Plc dropped 4.55% or 3 kobo each to both close at 63 kobo per share, and UCAP Plc fell by 4.37% or 10 kobo to close at N2.19 per share.

The top three traded stocks were: FBN Holdings Plc that exchanged 53.8 million shares worth N169.5 million, followed by Guaranty Trust Bank Plc with the sale of 23.5 million shares worth N635.7 million, and Diamond Bank that traded 19.4 million stocks valued at N22.4 million.

The total value of stocks traded on the floors of The NSE amounted to N1.6 billion, while a total of 195.0 million shares exchanged hands in 3,221 deals.

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