Nigeria: Omoluabi Mortgage Bank tops trades as the Nigerian bourse opens week bearish

Oct 22, 2019

The Nigerian Stock Exchange (NSE) resumed its free fall in the first trading day of this week, closing the All Share Index at 26,390.08, down by 0.22%. Year to date the market is down by 16.04%.

Top 5 trades

245.9 million shares worth N1.4 billion exchanged hands in 2,514 deals during Monday’s trading session.

Omoluabi Mortgage Bank top the 5 most traded stocks by volume with 110 million shares valued at N60.5 million exchanged 1 deal. This might be as a result of an investor leaving or taking a position.

Fidelity Bank followed with 25.4 million shares worth N43.2 million traded in 97 deals. 14.4 million Transcorp shares valued at N14.7 million were traded in 63 deals.

FBN Holdings traded 14.4 million shares worth N75.3 million in 163 deals. GTBank rounds up the top 5 most traded stocks by volume with 13.6 million shares valued at N357.8 million traded in 234 deals.

Top 5 gainers

On the gainers’ chart, May & Baker Nigeria Plc led with a 9.50% gain to close at N2.19. Cornerstone Insurance followed with a 9.37% gain to close at N0.35.

Union Diagnostic & Clinical Services Plc Trans Nationwide Express Plc both gained 9.09% to close at N0.24 and N0.84 respectively.

Law Union and Rock Insurance rounds up the top 5 gainers closing at N0.51 to gain 8.51%.

Top 5 losers

On the flipside, NEM Insurance was the biggest loser. The stock lost 9.57% to close at N2.08. Wapic Insurance was next with an 8.57% loss to close at N0.32.

Neimeth International Pharmaceuticals Plc closed at N0.37, losing 7.50%. Omoluabi Mortgage Bank Plc, one of the largely traded stocks for today, closed at N0.55, losing 5.17%.

United Capital Group closed the top 5 losers with a 1.96% loss to close at N2.

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