FBN Holdings Plc ranks highest in traded quantity and worth because the Nigerian Trade closes flat

First Financial institution Nig. Holdings Plc, the mum or dad firm of First Financial institution, traded the best in quantity and worth at as we speak’s buying and selling session on the Nigerian Trade. The financial institution’s share worth, nevertheless, declined from N12.55 the earlier buying and selling day to shut as we speak at N12.40.

This comes after the financial institution’s shares had skilled immense rally following the information making the rounds that Nigerian Billionaire, Femi Otedola had acquired a considerable shareholding within the financial institution.

FBNH Plc traded 73,062,391 models of shares as we speak valued at N906.75 million because the share worth declined by 1.20% from N12.55 per share to N12.40 per share.

Market efficiency

The Nigerian Trade closed on a flat notice amidst sell-offs and buy-interests because the benchmark All-Share Index (ASI) remained unchanged on the finish of the buying and selling session.

The NGX ASI closed at 41,814.94 factors from the earlier buying and selling day of 41,814.74 and the 12 months-to-Date (YTD) return stood at 3.83%. In the meantime, the market capitalization elevated by N107.05 billion.

On the shut of market as we speak, Tuesday, twenty sixth October 2021, the inventory change market worth presently stands at N21.82 trillion. The market breadth closed constructive as UPL led 22 Gainers, and 21 Losers topped by ABCTRANS on the finish of as we speak’s session.

The inventory market has superior 1,544.22 base factors because the begin of the 12 months.

NGX ASI prime gainers

UPL +10.00% to shut at N1.65

UNIVINSURE up +10.00% to shut at N0.22

COURTVILLE up +9.76% to shut at N0.45

ABBEYBDS up +9.30% to shut at N0.94

INTBREW up +9.28% to shut at N5.30

NGX ASI prime losers

ABCTRANS down –8.82% to shut at N0.31

FTNCOCOA down –6.25% to shut at N0.45

CUTIX down –5.47% to shut at N6.05

NGXGROUP down –4.61% to shut at N19.65

SOVRENINS down –4.17% to shut at N0.23

NGX ASI prime traded by quantity

FBNH – 73,062,391 models

GTCO – 25,039,191 models

UNIVINSURE – 22,770,945 models

UBA – 20,331,377 models

TRANSCORP – 18,437,370 models

NGX ASI prime traded by worth

FBNH – N906,754,975.05

GTCO – N715,262,785.80

NB – N685,053,664.95

AIRTELAFRI – N554,862,962.20

NESTLE – N504,010,569.50

Market sentiments development in the direction of the bulls with the market differential being in favour of the advancers as 22 gainers surpassed 21 losers.