NSE: Sterling, Unity, Fidelity, Access,UBA bank shares hit positive notes despite index drop

By The Citizen

Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Monday on the back of losses by 32 stocks.

The NSE's All-Share Index fell by 0.19 per cent or 73.38 basis points from 38,424.34 points on Friday to 38,350.96 points.

Similarly, the market capitalisation of the listed equities fell by N23bn or 0.19 per cent to close at N12.145tn down from N12.168tn.

The NSE-30 Index was also down by 0.12 per cent or 2.22 basis points to 1,803.41 points, down from 1,805.63 points on Friday.

Beta Glass Company Plc recorded the highest price appreciation for the day, rising by 10 per cent or N1.09 to close at N11.99 per share.

Prestige Assurance Company Plc and RT Briscoe Plc also gained eight per cent and 6.90 per cent to close at 54 kobo and N1.55 per share, respectively.

GlaxoSmithKline Consumer Nigeria Plc and Unity Bank rose by 5.83 per cent and 5.56 per cent to close at 63.50 and 57 kobo per share in that order.

On the other hand, Trans-nationwide Express Plc lost the highest for the day, shedding 10 per cent or 10 kobo to close at 90 kobo per share.

Neimeth International Pharmaceutical Plc and Pharma-DekoPlc also fell by 10 per cent and 9.85 per cent to close at N1.35 and N1.83 per share, respectively, while Livestock Feeds Plc fell by 9.83 per cent or 51 kobo to close at N4.86 per share.

The banking sub-sector maintained its lead on the activity chart, as it accounted for 57 per cent of total volume traded on Thursday.

In the sub-sector, investors exchanged 216.227 million shares, worth N1.543bn in 2,084 deals.

Volume in the sub-sector was driven by trading in the shares of United Bank for Africa Plc, Sterling Bank Plc, Fidelity Bank Plc and Access Bank Plc.

In all, investors exchanged 375.499 million shares, worth N3.024bn in 5,550 deals.