Nigerian Bourse Crashes, Stock Market Cap Loses N58.47bn

Nigerian Stock Exchange crashed on Tuesday by 0.16 per cent or N58.47 billion, after the bourse’s capitalisation depreciated to N35.35 trillion, from Monday’s N35.41 trillion.

The All-Share Index fell from 65,036.37 ASI to 64,928.98 ASI, losing 107.39 basis points.

About N4.64 billion was traded for 280.46 million shares in 6,296 deals on Tuesday. This is against the 259.04 million shares exchanged the previous day in 5,899 deals, worth N4.20 billion.

Top five gainers 

• Tantalizer’s share appreciated by 10 per cent to rise from N0.40 kobo to N0.44 kobo per share. 
• Ikeja Hotel grew by N0.28 kobo, up from N2.85 kobo to N3.13 kobo per share.     
• Cornerstone ended trading with N1.41 kobo from N1.29 kobo per share, rising by N0.12 kobo. 
• TIP gained 8.82 per cent to end trading at N1.11 kobo, having opened with N1.02 per share.      
• Linkage Assurance’s stock was up by 8.33 per cent, closing at N0.91 kobo from N0.84 kobo per share. 

Top five losers 

• Eterna depreciated by N1.75 kobo, dwindling from N17.75 kobo to N16 per share.       
• Sunu Assurances declined by N0.10 kobo to end trading at N0.94 kobo, after opening at N1.04 per share.       
• Omatek followed the same path, losing 8.11 per cent after trading hours, to sell at N0.34 kobo from N0.37 kobo per share.       
• Unilever reported a decline of N1.10 kobo from the previous day’s share price of N15.60 kobo to end trading at N14.50 per share.       
• AIICO’s share depreciated to N0.67 kobo from N0.71 kobo, after losing 5.63 per cent during trading hours.  

Top five trading equities in the stock exchange 

• Transcorp reported 36.46 million shares, valued at N147.50 million, were traded on its floor.       
• UBA recorded 23.24 million shares valued at N325.41 million.     
• Access Corporation saw investors trade 17.66 million shares valued at N299.36 million.     
• Sterling Financial Holdings recorded 15.97 million shares exchanged on its floor, worth N57.49 million.     
• Japaul Gold reported 11.39 million shares, valued at N11.01 million, exchanged investors’ hands.

Fakoyejo Olalekan

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