Nigerian stocks close flat as transaction volume tumbles by 46.9%

Academy Press led gainers, appreciating by 9.92 per cent to close at N1.33. Wema grew by 9.88 per cent to end trade at N3.67.

Cadbury went up by 9.68 per cent to N8.50. UPDC rose to N0.96, notching up 9.09 per cent in the process. Presco climbed up by 8.98 per cent to N143.85.Ikeja Hotel topped the losers’ chart declining by 9.68 per cent to close at N1.40. Livestock shed 9.50 per cent to end trade at N1.62. Consolidated Hallmark fell to N0.58, losing 9.38 per cent in the process.

dipped to N6, recording 6.25 per cent depreciation. Cornerstone Insurance closed at N0.62, going down by 6.06 per cent.Altogether, 246.7 million shares estimated at N2.3 billion were traded in 5,033 deals. Multiverse was the most active stock, trading 36.2 million shares worth N7.3 million traded in 38 deals. Transcorp shares of 26.1 million units priced at N29.9 million exchanged hands in 170 transactions.

WAPCO had 14.5 million shares valued at N392.7 million traded in 275 deals. Fidelity traded 12.6 million shares estimated at N46.7 million in 213 transactions. GTCO traded 12.3 million shares valued at N294.3 million in 396 deals.

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