Nigerian stocks are trading almost flat, Honeywell increases volume
Nigerian stocks were close to stagnation at the end of Tuesday’s session, as the benchmark gauge edged down 0.01 percent.
One advantage of the trading came from a 277 percent expansion in volume, made possible by vigorous activity in shares of Honeywell Flour, which accounted for up to 76 percent of the amount of shares traded.
Market place, which measures the depth of investor sentiment, was negative, with 15 laggards emerging against 14 winners.
The all-stock index fell 5.34 points to 38,858.99, while market capitalization fell to 20.3 trillion naira.
Since the start of the year, the index is down 3.51%.
THE FIVE BEST GAINERS
SAHCO led the winners, rising 9.88% to close at 4.45 N. Wema added 5.13 percent to close trade at 0.82 N. Flour Mills rose 1.87 percent at N29.90. UCAP rose to 8.70 N, up 1.75%. Jaiz completed the top 5, climbing 1.72% to N0.59.
TOP FIVE LOSERS
Mansard led the losing table, declining 9.70 percent to close at 2.70 N. Africa Prudential lost 8.59% to close trade at 5.85 N. Regal Insurance fell to N0.41, losing 6.82 percent. Tripple G fell to 0.90 N, recording a depreciation of 6.25%. Courteville closed at 0.33, down 5.71%.
THE FIVE BEST PROFESSIONS
A total of 526.3 million shares worth 3 billion naira were traded in 3,535 transactions.
Honeywell was the most active stock, trading 402.2 million shares worth 1.5 billion naira in 69 deals. The 11.1 million shares of UBA priced at 82.7 million naira were traded in 144 transactions. Transcorp had 9.5 million shares valued at 8.7 million naira traded in 64 deals. Fidelity traded 9.2 million shares valued at N22.4 million in 126 transactions. Wema traded 8.7 million shares valued at 6.8 million naira in 49 transactions.
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