Connect with us

Hi, what are you looking for?

KSBC Journal

Markets

Nestle, Access Bank, Vitafoam plunge, investors lose N29 billion

Nigerian bourse at Monday’s trading session was negatively impacted by losses recorded in large and medium capitalized stocks.

Nigerian stock market ended its first trading session of the week on a bearish note.

The All-share index dropped d by 0.13% to close at 42,357.90 index points as against the 0.58% gain recorded last Friday. Nigerian Stock Exchange market capitalization currently stands at N22.16 trillion. Investors lost N28.65 billion.

  • Its Year-to-Date (YTD) returns currently stands at +5.18%.
  • Nigerian Stock markets trading turnover on Monday also ended negative as volume dipped by 12.40% as against the 20.63% surge recorded last Friday
  • UBN, TRANSCORP, and UBA were the most active to boost market turnover.
  • Market breadth closed positive as HONYFLOUR led 33 Gainers as against 28 Losers topped by ROYALEX at the end of today’s session – an improved performance when compared with the previous outlook.

Top gainers

  1. MRS up 8.94% to close at N13.4
  2. UACN up 7.19% to close at N8.95
  3. INTBREW up 6.67% to close at N6.4
  4. DANGSUGAR up 2.12% to close at N21.7
  5. SEPLAT up 1.02% to close at N495

Top Losers

  1. JBERGER down 7.28% to close at N21
  2. NESTLE down 3.65% to close at N1450
  3. VITAFOAM down 3.48% to close at N9.7
  4. FLOURMILL down 3.17% to close at N33.6
  5. ACCESS down 1.61% to close at N9.15

Outlook

  • Nigerian bourse at Monday’s trading session was negatively impacted by losses recorded in large and medium capitalized stocks, amongst which are Access Bank, Nestle, Flour mills, Vitafoam.
  • Cautious buying amid renewed profit-making seen across the market spectrum is envisaged.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Related Topics:

Advertisement

Copyright © 2020 KSBC Journal. All rights reserved