Following the resumption of buying and selling on Wednesday on the Nigerian Inventory market, shares and shares weakened by 1.08 p.c or N237.9 billion on the shut of enterprise.

Naija Information experiences that buying and selling resumed for the primary buying and selling day for the reason that market closed for the Christmas holidays as declared by the Federal Authorities.

The commerce loss was mentioned to be a consequence of some patrons prepared to buy shares of BUA Cement, MTN Nigeria Communications (MTNN), PZ Cussons, Could & Baker and Ecobank Transnational Included.

Particularly, the All-Share Index inched decrease by 455.75 factors to shut at 41,807.10 whereas the market capitalisation which opened at N22.060 trillion closed at N21.822 trillion.

Additionally, month-to-date loss elevated to three.3 p.c, whereas the year-to-date achieve moderated to three.8 per cent and market breadth was barely optimistic with 18 gainers relative to 16 losers.

TOP FIVE GAINERS

NEM led the gainers’ chart by 100 per cent to shut at N4.84 after the completion of its share reconstruction train. Union Financial institution added 9.91 per cent to finish commerce at N6.10.

Royal Change went up by 9.09 per cent to N0.84. Sovereign Belief rose to N0.28, notching up 7.69 per cent within the course of. AIICO accomplished the highest 5, climbing by 6.86 per cent to N2.18.

TOP FIVE LOSERS

BUA Cement led the losers’ chart by 10 per cent to shut at N67.05 per share. Could & Baker adopted by 9.98 per cent to shut at N4.06. PZ dipped to N6.10, recording 8.96 p.c depreciation.

Jaiz Financial institution fell to eight.06 per cent to shut at N0.57. UPDC REIT closed at N3.75, happening by 6.25 p.c.

TOP FIVE TRADES

In all, 180.2 million shares estimated at N1.5 billion have been traded in 3,828 offers

Jaiz was probably the most energetic inventory with 17.7 million models of its shares value N10.5 million traded in 89 offers. Union Financial institution transacted 16.8 shares priced at N101.8 million in 296 trades.

UACN traded 12.9 million shares estimated at N123.5 million in 28 transactions. Transcorp traded 11.4 million shares valued at N11.3 million in 134 offers.

Sovereign Belief had 10 million shares valued at N2.8 million traded in 23 offers.

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By admin