Guinness, Chams, Others Wipe Off N232.10bn From Nigeria’s Stock Market

The stock market slumped by 0.65 per cent on Friday, as the Nigerian bourse’s capitalisation closed at N35.40 trillion, the Nigerian Exchange Limited (NGX) disclosed in a report.

According to the NGX, the depreciation was driven by Chams and Guinness, amongst others, and it wiped off N232.10 billion from Thursday’s N35.63 trillion market valuation.

Data showed that the All-Share Index depreciated to 65,056.39 ASI, from 65,482.91 ASI, as the index sheds 204.25 basis points.

Investors exchanged 459.77 million shares in 8,051 deals, worth N5.34 billion. This contrasted with the preceding day’s 509.24 million shares traded in 8,070 deals, valued at N4.79 billion.

Top five gainers

• Courtville’s share appreciated by 10 per cent to rise from N0.60 kobo to N0.66 kobo per share.    
• Abbey grew by 8.91 per cent, up from N1.01 to N1.10 kobo per share.    
• Omatek ended trading with N0.49 kobo from N0.45 kobo per share, rising by 8.89 per cent.    
• Regal Insurance gained 8.11 per cent to end trading at N0.40 kobo, having opened with N0.37 kobo per share.     
• Nascon’s stock was up by N2.60 kobo, closing at N36 from N33.40 kobo per share.    

Top five losers 

• Chams depreciated by N0.11 kobo, dwindling from N1.10 kobo to N0.99 kobo per share.      
• Guinness also declined by N7.40 kobo to end trading at N66.60 kobo, after opening at N74 per share.      
• John Holt followed the same path, losing N0.24 kobo after trading hours, to sell at N2.20 kobo from N2.44 kobo per share.      
• Cadbury reported a decline of N1.35 kobo from the previous day’s share price of N13.80 kobo to end trading at N12.45 kobo per share.      
• Glaxo Smith’s share depreciated to N7.40 kobo from N8.20 kobo, after losing N0.80 kobo during trading hours. 

Top five trading equities in the stock exchange 

• UBA reported 57.62 million shares, valued at N832.31 million, were traded on its floor.      
• Japaul Gold recorded 48.08 million shares valued at N45.63 million.    
• Access Gold saw investors trade 44.16 million shares valued at N766.94 million.    
• Fidelity Bank recorded 37.64 million shares exchanged on its floor, worth N320.71 million.    
• Transcorp reported 32.46 million shares, valued at N117.25 million, exchanged investors’ hands.

Fakoyejo Olalekan

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