Investors In Unity Bank, Ikeja Hotel, Others Lose N61.35bn In Stock Market Trading

In the stock market on Thursday, N61.35 billion was lost by investors in Unity Bank, Ikeja Hotel, and others on the losers’ list.

This dragged the market capitalisation down by 0.18 per cent to N32.24 trillion, from N32.30 trillion reported on Wednesday.

The All-Share Index dropped by 112.69 basis points, having closed the previous day with 59,323.95 ASI, but ended today’s trading at 59,211.26 ASI.

Investors exchanged 615.91 million shares in 7,459 deals, worth N6.61 billion, on Thursday, against the 643.03 million shares, valued at N6.10 billion, that were traded in 7,806 deals on Wednesday.

Top five gainers

• NEM’s share appreciated by N0.63 kobo to rise from N6.30 kobo to N6.93 kobo per share.
• Cornerstone grew by N0.10 kobo, up from N1.01 to N1.11 kobo per share.
• Skyway Aviation ended trading with N8.45 kobo from N7.70 kobo per share, rising by N0.75 kobo.
• Wapic gained 9.30 per cent to end trading at N0.94 kobo, having opened with N0.86 kobo per share.
• Africa Prudential’s stock was up by N0.55 kobo, closing at N6.05 from N6.60 kobo per share.

Top five losers

• Lasaco depreciated by N0.26 kobo, dwindling from N2.60 kobo to N2.34 kobo per share.
• Sovereign Insurance also fell by 9.84 per cent to end trading at N0.55 kobo, after opening at N0.61 kobo per share.
• Unity Bank followed the same path, losing N0.13 kobo after trading hours, to sell at N1.22 kobo from N1.35 kobo per share.
• NSLTECH reported a decline of 9.52 per cent from the previous day’s share price of N0.42 kobo to end trading at N0.38 kobo per share.
• Ikeja Hotel’s share depreciated to N2.91 kobo from N3.20 kobo, after losing N0.29 kobo during trading hours.