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Home Top News

Nigeria Stock Market Drops Further By N68bn

Next Edition by Next Edition
October 9, 2020
in Top News
Stock market rally beats down interest in FGN savings bond

Nigerian Stock Exchange building

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Specifically, the market capitalisation dropped N68 billion or 0.46 per cent to close at N14.852 against N14.920 trillion.

Also, All-Share Index which opened at 28,546.22 lost 130.91 points or 0.46 per cent to close at 28,415.31.

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Guaranty Trust Bank topped the losers’ chart, dropping by N1.60 to close at N30.40 per share.

Dangote Cement trailed with 50k to close at N150, while PZ was down by 40k to close at N4.10 per share.

United Capital dipped 17k to close at N3.54, while Ecobank Transnational Incorporated dropped 15k to close at N4.30 per share.

On the other hand, Total led the gainers’ table, rising N5.20 to close at N102 per share.

READ ALSO: Nigeria’s Investment Is Under Pressure-NIPC Boss

Eterna followed with 33k to close at N3.63, while International Breweries garnered 14k to close at N4.72 per share.

BUA Cement added 10k to close at N41.50, while Custodian Investment also gained 10k to close at N5.25 per share.

In the same vein, the volume of shares traded closed lower with an exchange of 384.14 million shares worth N3.99 billion in 5,759 deals.

This was against a turnover of 569.38 million shares valued at N4.91 billion exchanged in 6,101 deals on Thursday.

Caverton was the most active, accounting for 52.16 million shares worth N93.79 million.

Zenith Bank followed with 49.97 million shares valued at N1 billion, FBN Holdings traded 49.32 million shares worth N306.66 million.

Guarranty Trust Bank sold 32.62 million shares valued at N1.02 million, while Access Bank exchanged 27.17 million shares worth N215.18 million.

NAN

Tags: Guaranty Trust BankNigerian Stock ExchangeTotal
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