JUNE 2018: TRADED VALUE DOWN 41% AT NIGERIAN STOCK EXCHANGE.

Traded value tumbled by 41% at the Nigerian Stock Exchange in June 2018 even though traded volume dropped by only 4.45% alongside 12.5% drop in number of deals.

According to statistics from the exchange, traded value in June was N93.893bn for the equities market compared to N159.44bn in May.

On the other hand, 7.104bn shares were traded in June through 79,241 deals as against 7.475bn shares in 90,568 deals in May.

Top traded value was recorded by Guaranty Trust Bank in which N21.944bn was exchanged for 2nd ranked 535.118m shares in also 2nd placed 5176 deals.

Zenith Bank followed with N12.682bn worth for 3rd ranked 483.629m shares sold in month high 6362 deals.

Dangote Cement did not showcase top five volume or number of deals but its June traded value was N7.028bn to place 3rd and involved 30.633m shares in 1437 deals.

Top traded volume was recorded by United Bank For Africa  as 544.568m of its shares changed hands in 5th placed 2830 deals worth equally 5th ranked N5.899bn.

Actually, the banks dominated top five of all 3 trading indicators with Dangote Cement and Nigerian Breweries breaking their ranks at 3rd place in terms of value (N7.028bn) and 4th place with N6.381bn respectively.

It was neither a bullish or bearish month because 40 price gains and 49 drops were recorded and heavyweights were on both sides of the divide.

Nestle Nigeria topped gainers with N102.50 per share as it closed at N1575 compared to May ending's N1472 per share.

11 Plc trailed from a distance with N18.50 per share gain followed by Okomu Oil Palm, up N12 per share, Nigerian Breweries (N6.30 per share) and Stanbic IBTC with N5.90 per share gain

The price losers were paced by Seplat Petroleum down N93.20 per share, followed by Dangote Cement with N11 per share decline.

Other major price drops were Skye Shelter, down N5 per share; Forte Oil with N4.15 per share drop and Cement Company of Northern Nigeria, down N2.65 per share.

JUNE 2018:

TOP TRADED VALUE: Nbn

GTB.                          21.944
Zenith.                      12.682
Dangote Cement       7.028
Nigerian Breweries.  6.381
UBA.                            5.899

TOP TRADED VOLUME: m

UBA.                         544.568
GTB.                         535.118
Zenith.                     483.629
Access                    471.98
United Capital.       425.736

TOP PRICE GAINS. N

Nestlé Nigeria.           102.50
II PLC.                            18.50
Okomu oil.                     12.00
Nigerian Breweries         6.30
Stanbic IBTC                    5.90

TOP PRICE DROPS: N

Seplat Petroleum.          93.20
Dangote Cement.           11.00
Skye Shelter.                      5.00
Forte Oil.                             4.15
CCNN.                                  2.65

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