Nigerian Bourse Down By N5.16bn Amid Losses In Geregu, Prestige, Others

On Wednesday, about N5.16 billion was lost by investors holding Geregu, Prestige, and other shares on the losers’ table, pushing the Nigerian market capitalisation down to N34.71 trillion.

The loss represents a 0.01 per cent decline in the Nigerian bourse’s valuation, which was N34.72 trillion on Tuesday, according to a report obtained from the Nigerian Exchange Limited (NGX). 

Likewise, the All-Share Index dipped by 9.49 basis points to end trading at 63,757.23 ASI, below the preceding day’s 63,766.72 ASI.

On the trading floor, about 473.49 million shares were exchanged in 7,403 deals, valued at N10.08 billion, contrasting the 868.80 million shares, worth N42.80 billion, traded in 8,970 deals on Tuesday. 

Top five gainers 

• Honeywell Flour’s share appreciated by N0.33 kobo to rise from N3.30 kobo to N3.63 kobo per share.   
• Eterna grew by N2.60 kobo, up from N26.05 to N28.65 kobo per share.   
• Academy ended trading with N2.21 kobo from N2.01 per share, rising by N0.20 kobo.   
• Skyway Aviation gained N1.45 kobo to end trading at N16.20 kobo, having opened with N14.75 kobo per share.    
• RT Briscoe’s stock was up by 9.80 per cent, closing at N0.56 kobo from N0.51 kobo per share.   

Top five losers 

• Prestige depreciated by 10 per cent, dwindling from N0.50 kobo to N0.45 kobo per share.     
• Geregu also declined by N35 to end trading at N315, after opening at N350 per share.     
• FTN Cocoa followed the same path, losing 9.61 per cent after trading hours, to sell at N2.07 from N2.29 kobo per share.     
• Linkage Assurance reported a decline of 9.09 per cent from the previous day’s share price of N0.77 kobo to end trading at N0.70 kobo per share.     
• Jaiz Bank’s share depreciated to N1.71 kobo from N1.88 kobo, after losing N0.17 kobo during trading hours.   

Top five trading equities in the stock exchange 

• Japaul Gold reported 77.98 million shares, valued at N64.58 million, were traded on its floor.     
• FCMB recorded 36.62 million shares valued at N221.83 million.   
• Sterling Bank saw investors trade 31.23 million shares valued at N109.04 million.   
• Dangote Sugar recorded 30.70 million shares exchanged on its floor, worth N845.90 million.   
• Fidelity Bank reported 22.28 million shares, valued at N160.85 million, exchanged investors’ hands.

Fakoyejo Olalekan

+ posts

• Over N535.37bn Gained By Shareholders In Dangote Sugar, Tantalizer, Others
• Negative Signal: Board Director, Sola David-Borha, Sells Off All Shares In Stanbic IBTC
• NLC To Embark On Warning Strike On Tuesday
• CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market