GTBank, Flour Mills, Fidelity top most traded stocks on Friday

October 18, 2019
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Guaranty Trust Bank Plc, Flour Mills of Nigeria Plc, Fidelity Bank Plc, Zenith Bank and United Bank for Africa Plc led the most actively traded stocks on the Nigerian Stock Exchange (NSE) on Friday’s trading session.

While GTBank Plc led the chart with 75.2 million shares valued at N1.9 billion traded in 377 deals, Flour Mills of Nigeria followed with 69 million shares valued at N1 billion in 44 deals and Fidelity Bank traded 25.4 million shares valued at N42.7 million in 91 deals.

Zenith Bank also recorded 21 million shares valued at N365.9 million traded in 418 deals and United Bank for Africa rounded off the top five most actively traded stocks with 20.5 million shares valued at N119 million traded in 177 deals.

However, Friday’s trading session ended in negative territory as the All-Share Index closed at 26,448.62 basis points, down by 0.03%.

Continental Reinsurance Plc earned the best-performing stock, as it gained 10% to close at N0.33, followed by Dangote Flour Plc gained 9.73% to close at N6.20. Cornerstone Insurance Plc gained 3.13% to close at N15.40. Niger Insurance Plc and Okomu Oil Palm Plc gained 2.37% to close at N15.10, and 2.08% to close at N0.49 respectively.

Sunu Assurance Plc was the worst-performing stock, dropped by 9.91% to close at N1. Premier Paints Plc also fell by 9.76% to close at N5.55. Learn Africa Plc, which fell by 9.76% to close at N1.11, United Bank for Africa also fell by 9.74% to close at N3.52. Dangote Sugar rounded off the top five losers for the day. The stock shed 6.43% to close at N1.31.

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