Investors In Union Bank, Flour Mills, Others Lose N7.80bn In Stock Investments

About N7.80 billion was wiped off the Nigerian stock market on Wednesday, resulting in the equity capitalisation depreciating by -0.02 per cent.

Consequently, the bourse’s capitalisation dropped to N30.50 trillion from N30.51 trillion. 

The All-Share Index dwindled to 56,024.52 ASI, shedding 14.33 basis points from yesterday’s 56,038.85 ASI.

Market data disclosed that over 397.62 million shares, worth N6.53 billion, were exchanged on Wednesday in 5,613 deals. 

This is against the 322.49 million shares, valued at N5.82 billion, that were traded in 6,165 deals on Tuesday.

Top five gainers 

• Honeywell Flour’s share appreciated by N0.31 kobo to rise from N3.14 to N3.45 kobo per share. 
• Eterna grew by N1.10 kobo, up from N11.15 kobo to N12.25 kobo per share. 
• FTN Cocoa ended trading with N0.78 kobo from N0.71 kobo per share, rising by 9.86 per cent. 
• Cornerstone gained 9.78 per cent to end trading at N1.01, having opened with N0.92 kobo per share. 
• Wapic stock was up by 9.52 per cent, closing at N0.46 kobo from N0.42 kobo per share. 

Top five losers 

• Union Bank of Nigeria depreciated by N0.70 kobo, dwindling from N7.90 kobo to N7.20 kobo per share. 
• Flour Mills also fell by N1.45 kobo to end trading at N33.10 kobo, after opening at N34.55 per share. 
• NGX Group followed the same path, losing N0.90 kobo after trading hours, to sell at N28 from N28.90 kobo per share. 
• Prestige reported a decline of 2.44 per cent from the previous day’s share price of N0.41 kobo to end trading at N0.40 kobo per share. 
• Courtvilleourtville’s share depreciated to N0.47 kobo from N0.48 kobo, after losing 2.08 per cent during trading hours. 

Top five trading equities in the stock exchange 

• NPF Microfinance reported 100.76 million shares, valued at N181.37 million, were traded on its floor. 
• GTCO recorded 43.03 million shares valued at N1.19 bllion. 
• Japaul Gold saw investors trade 27.83 million shares valued at N11.54 million. 
• Fidelity Bank recorded 24.29 million shares exchanged on its floor, worth N140.89 million. 
• Access Corporation reported 23.02 million shares, valued at N293.04 million, exchanged investors’ hands.

Fakoyejo Olalekan

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