GTBank, Transcorp others top traded stocks on Monday

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Story by Olabode Jegede

Guaranty Trust Bank plc (GTBank) Plc, Global Spectrum Energy Services Plc, Transnational Corp of Nigeria Plc, Zenith Bank and FCMB Plc led the most actively traded stocks on the Nigerian Stock Exchange (NSE) on Monday’s trading session.

While Global Spectrum Energy Services Plc led the chart with 36.6 million shares valued at N172 million traded in 3 deals, GTBank followed with 14.4 million shares valued at N387.2 million in 156 deals and Transnational Corp of Nigeria traded 9.8 million shares valued at N9.9 million in 76 deals.

Zenith Bank followed with 8.3 million shares valued at N149.8 million traded in 228 deals and FCMB Group rounded off the top five most actively traded stocks with eight million shares valued at N12.8 million traded in 71 deals.

Monday’s trading session ended in positive territory as the All-Share Index closed at 26,557.44 basis points from 26,533.78 basis points, up by 0.09 per cent.

Market capitalization also grew by 0.09 per cent to N12.928trillion from N12.917 trillion equities market closed for trading last week.

Sector performances were mixed on Monday with Industrial Index gaining 0.20per cent to 1,058.22 basis points from 1,056.07 basis points emerging as the best performer.  While Consumer Goods and Oil & Gas closed flat, Banking depreciated by 0.03per cent to 325.71 basis points.

Top Gainers on Monday was Courteville Business Solutions Plc after earning 10per cent to close at N0.22, followed by Fidson Healthcare Plc gained 9.72per cent to close at N3.95.

Cornerstone Insurance Plc gained 7.14per cent to close at N0.39, AXA Mansard Insurance Plc and Dangote Flour Plc gained 6.25per cent to close at N1.70, and 3.60per cent to close at N23 respectively.

According to NSE, Global Spectrum Energy Services Plc was the worst-performing stock, dropped by 9.62per cent to close at N4.70.

UAC Nigeria Plc also fell by 6.99per cent to close at N6.65. Followed by United Capital Plc, which dropped by 4.69per cent to close at N2.03, and FBN Holdings Plc also fell by 2.78per cent to close at N5.25

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