Despite the bearish nature of trade at the Nigerian Stock Exchange on Wednesday, the shareholders of Law Union, AIICO Insurance, Honeywell Flour Mills, Cutix and Abbey Mortgage Banks have reasons to smile to the bank, as their stocks made the ranks of gainers.
The all-share index dipped 0.02% to close at 29,458.21 index points, maintaining the equity market capitalisation at N15.17 trillion.
Law Union for the second time this week led the gainers’ chart, having gained by 10% to close at N0.66 followed by AIICO Insurance, which gained 8.64% to close at N0.88. Honeywell Flour Mill also made list with 8.33% gain to close at N1.17, Cutix Plc gained 5.15% to close at N1.43 while Abbey Mortgage Bank rounded off the list with 5% gain to close at N1.05.
Julius Berger declined the most today with 6.76% loss to close at N20 followed by Nascon Allied Industries, which dipped 4.46% to close at N15. Courteville Business Solutions lost 4.17% to close at N0.23, Transnational Corporation also dipped 3.74% to close at N1.03 while Lasaco Assurance lost 3.7% to close at N0.26.
Top trades by volume
Austin Laz attracted the highest sales of shares today with recorded trades of 85 million units valued at N174.41 million across 86 deals with Access Bank trading 60.52 million units of shares at N600.92 million across 617 deals.
GTBank traded in 25.46 million units of shares at N849.98 million across 318 deals, Zenith Bank recorded trades in 25.73 million units of shares at N5664.76 million across 465 deals while UBA capped the list with trades in 16.86 million shares at N144.05 million across 249 deals.
Frontpage December 9, 2019
Frontpage November 1, 2019