Nigerian stocks close flat as profit-taking in Geregu Power offsets banks’ gains

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The all-share index diminished 7.5 points to 47,524.4, while market capitalisation dropped to N25.7 trillion.

Presidency attacks Transparency International over Nigeria’s poor corruption ratingHoneywell Flour led gainers, appreciating by 9.8 per cent to close at N2.13. Neimeth grew by 9.5 per cent to end trade at N1.38. Fidson went up by 7.9 per cent to N9.17. Chams rose to N0.28, notching up 7.7 per cent in the process. Livestock Feeds traded up 6.8 per cent to N1.10.UACN declined by 9.76 per cent to close at N9.25. Geregu Power shed 110 per cent to end trade at N9.02. Lasaco fell to N0.84, losing 6.

GTCO was the most active stock with 19.2 million of its shares worth N342.2 million traded in 473 deals. Zenith Bank traded 8.5 million shares priced at N166.5 million in 257 transactions. Access Holdings had 8.5 million shares valued at N67.5 million exchange hands in 127 deals. UBA traded 4.5 million shares estimated at N31.2 million in 101 transactions. FBN Holdings traded 39.4 million shares valued at N36.5 million in 101 deals.

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