• Wednesday, May 08, 2024
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BusinessDay

NSE all share index down by 89.7 basis point in midday

Thursday mid-day trading sees banking stock taking the bulk of operation as NSE all share index drop by 0.31 percent down by 89.7 basis point to 34985.12 basis point.

In midday trading the shares of GTB is up by N0.30 naira with a volume over  7.6million  shares been traded with momentum on the  number of stocks been traded dropping, the stock rose against it previous close of N37.75.

Zenith is currently trading at a loss compared to its previous close of Wednesday trading at N22.95 against its opening price of N23 with shares traded in the range of 4.3 million as more action still seem to be on the stock , compared to GTB whose action seems to have calmed.

UBA shares trade at N8.7  down by N0.20 against its opening of N 8.9 recording a trade value larger than it peers in midday trading of N211 million with over 23.8million shares traded.

FBN follow the bearish trend seeing its price at N9.70 dropping by N0.15 as transaction goes calm on the stock having traded a 15 million volume worth of stock at a value of N145 million.

Transaction rather performed on Access  stock seem calm slips by N0.05  to trade at a current price of N9.6 with a transaction value of N6.18million worth 644 thousand shares   traded.

A look to the industrial index show Dangote shares still trading at it years low N214 with just 2 shares as transaction on it seems quite.

Wapco shares are rather more engaged today than Dangote Cement trading at N28 with 4 thousand worth of shares traded while stock price remains flat as well.

Consumer goods like Nestle maintain their opening price for the day of N1500 trading 78 thousand shares in in midday trading activities as action seems to have cooled down on the stock.

As it stands its likely we ends today on another bearish  streak based on observation making it the 4th consecutive time this week.