• Business - Market Data
  • Updated: May 04, 2021

NGX: FBN Holdings Recoups Losses From Board Saga

NGX: FBN Holdings Recoups Losses From Board Saga

FBN Holdings Plc gained 7.35 percent at the end of Tuesday trading on the Nigerian Exchange, recovering losses from last week's dip when its entire board was replaced by the Central Bank of Nigeria.

FBN Holdings was also the most active trade of the day, despite a 0.32% drop in the Banking Index to 350.93 index points. The Nigerian stock exchange also lost N17.04bn in its market value as the All-share index inched lower by 0.08% to 39801.78 index points.

The Consumer Goods Index jumped 0.76% to 562.59 index points, led by gains from Neimeth International Pharmaceuticals and International Breweries Plc.

READ ALSO: Investors Gain N356bn As All-Share Index Spikes

Top 5 Advancers

Lasaco Assurance Plc led 24 gainers on Tuesday, continuing its winning streak with a 9.86 percent gain, wort 14kobo to close trading at N1.56 per share.

Neimeth International Pharmaceuticals gained 9.83 percent, or 17kobo, to close trading at N1.90 per share, paring last week's loss.

International Breweries Plc also recovered last week's losses, gaining 9.62 percent, or 50kobo to close today's session at N5.70 per share.

Courteville Business Solutions Plc broke out into a one-month high of 25kobo per share after it gained 8.7 percent or 2kobo at the end of today's session.

Royal Exchange Plc continued its big winning streak into a new one-year high of 57kobo per share after it gained 4kobo, or 7.55 percent, at the end of today's trading session.

Top 5 Decliners

Linkage Assurance Plc's shares crashed on Tuesday as it lost a staggering 37.65 percent of its previous closing price of 85kobo to close at 53kobo per share.

Lafarge Africa Plc (WAPCO)  dropped by 9.48 percent, or N2.10, to close trading at N20.05 per share.

Regency Assurance Plc gave back its most recent gain with a 9.09 percent drop (3kobo) to close trading at 30kobo per share.

Consolidated Hallmark Insurance Plc lost 7.69 percent, or 3kobo, of its share value to close trading at 36kobo per share.

Sterling Bank Plc dipped 7.5 percent, or 12kobo, to close trading at a two-week low of N1.48 per share.

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