The Nigerian Stock Exchange closed in the negative territory on Friday, 4th October 2019 as investors sentiment remains negative. The bourse Market traded bearishly throughout the week besides on Wednesday that was the nation's Independence Day.

Today's bearish trend was coalesced by substantial losses suffered by Forte Oil, Cement Company of Northern Nigeria (CCNN), Guaranty Trust Bank, NASCON Allied, and MTN Nigeria. They declined by -9.76%, -9.76%, -1.85%, -3.65%, and -0.38% sequentially.

The NSE All-Share closed in the red zone again for the fourth time this week. The NSE All-Share Index dips by -0.36% to close at 26,987.45 basis points. Its Year-to-currently stands at -14.14%.

UACN Property Development Company Plc was the best performing stock for the day. The stock advanced by 8.65% to close at N1.13. Unilever Plc was up by 8.32% to close at N26.70. Nigerian Aviation Handling Company Plc completed the top three gainers for the day. The stock appreciated by 5.56% to close at N2.47.

On the flip side, Fidson Healthcare Plc was the best-performing stock for the day. The stock declined by -9.88% to close at N3.65. Forte Oil was down by -9.76% to close at N14.86. Cement Company of Northern Nigeria completed the top three losers for the day. The manufacturing firm depreciated by -9.76% to close at N14.80.

UACN Property Development Company Plc was investor choicest stock for the day. UAC-Properties traded 50.21 million of its shares units worth N56.73 million.

Guaranty Trust Bank sold 17.58 million shares valued at N467.89 million. GTBank led the value activity chart for the day while UAC-Property led the volume activity table.

Continental Reinsurance Plc compted the top three traded stocks by volume. The group transacted 8.09 million shares units worth 17.90 million.

GTBank, Zenith Bank and UAC-Properties were the top three traded stocks by value. They contributed N467.89 million, 113.86 million and N56.73 million respectively to the total market equity.

Source: https://financialmetricsnigeria.com/forte-oil-fidson-ccnn-lead-nse-losers-chart-as-negative-posture-continues/

Cc: Lalasticala, Mynd44, Dominique, and MissyB3.