Nigerian Bourse Closes Down, Loses N111.14bn After Trading Hours

The stock market capitalisation dropped to N35.63 trillion on Thursday, after losing N111.14 billion from the N35.74 trillion valuation reported on Wednesday.

This followed the 204.25 basis points lost by the All-Share Index, which dropped from 65,687.16 ASI to 65,482.91 ASI.

Also, the value of investments recorded in the stock market was N4.79 billion, as investors traded 509.24 million shares in 8,070 deals, contrasting with the 500.43 million shares traded in 7,345 deals on Wednesday, which was valued at N7.14 billion.

Top five gainers

• Lasaco’s share appreciated by N0.19 kobo to rise from N1.90 kobo to N2.09 per share.
• Multiverse grew by N0.27 kobo, up from N2.71 kobo to N2.98 kobo per share.
• Skyway Aviation ended trading with N23.30 kobo from N21.20 kobo per share, rising by N2.10 kobo.
• RT Briscoe gained 6 per cent to end trading at N0.53 kobo, having opened with N0.50 kobo per share.
• CAP’s stock was up by N1.10 kobo, closing at N22 from N20.90 kobo per share.

Top five losers 

• Japaul Gold depreciated by N0.11 kobo, dwindling from N1.11 kobo to N1 per share.      
• Cadbury also declined by N1.50 kobo to end trading at N13.80 kobo, after opening at N15.30 kobo per share.      
• FTN Cocoa followed the same path, losing N0.25 kobo after trading hours, to sell at N2.41 kobo from N2.66 kobo per share.      
• Neimeth reported a decline of N0.17 kobo from the previous day’s share price of N1.82 kobo to end trading at N1.65 kobo per share.      
• Courtville’s share depreciated to N0.60 kobo from N0.66 kobo, after losing 9.09 per cent during trading hours. 

Top five trading equities in the stock exchange 

• Japaul Gold reported 115.69 million shares, valued at N129.72 million, were traded on its floor.      
• UBA recorded 40.43 million shares valued at N595.91 million.    
• Transcorp saw investors trade 37.49 million shares valued at N133.49 million.    
• FCMB recorded 34.98 million shares exchanged on its floor, worth N237.68 million.    
• Fidelity Bank reported 31.84 million shares, valued at N271.16 million, exchanged investors’ hands.

Fakoyejo Olalekan

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