Nigerian Stock Market Down, As Fidson, Regal Insurance, Others Record Gains

The Nigerian bourse opened trading this week by depreciating 0.07%, as the market capitalisation closed at N27.92 trillion on Monday, below Friday’s N27.94 trillion.

This was driven by the 38.22 basis points lost in the All Share Index, which dropped from 51,829.67 to 51,791.45 ASI.

It follows the over 194.12 million shares exchanged by investors in 4,899 deals on Monday, worth N2.82 billion.

This was in contrast to the N1.70 billion spent to trade 127.03 million shares in 3,718 deals last week Friday.

Top five gainers

• Fidson gained N1.10kobo, after its stock price appreciated from N11.20kobo to N12.30kobo per share.
• Learn Africa reported an uptick of N0.22kobo, as its share rose from N2.25kobo to N2.47kobo per share.
• UPDC share went up by N0.10kobo, rising to N1.13kobo from N1 03 per share.
• Prestige saw its share price gain 8.33 percent, increasing to N0.39kobo from N0.36kobo per share.
• Regal Insurance recorded an appreciation of 7.69 percent, after the share went from N0.26kobo to N0.28kobo per share.

Top five losers

• Conoil share depreciated by N2.85kobo, dwindling from N28.80kobo to N25.95kobo per share.
• Redstar Express share dropped in value by N0.25kobo, to settle at N2.50kobo from N2.75kobo per share.
• RT Briscoe followed the same path, losing 9.09 percent after trading hours, to sell at N0.40kobo from N0.44kobo per share.
• Cutix reported a decline of N0.19kobo in its share, depreciating from N2.47kobo to N2.28kobo per share.
• Unity Bank share lost 6.67 percent from previous day’s N0.45kobo, dropping to N0.42kobo per share.

Top five trading equities

• Transcorp reported 25.07 million shares valued at N31.76 million, were traded on its floor.
• GTCO recorded 20.17 million shares valued at N413.01 million.
• UBA saw investors trade 17.59 million of its shares worth N131.22 million.
• AIICO 13.60 million shares worth N8.32 million were exchanged.
• FBN Holdings reported that 11.63 million shares exchanged hands of investors, valued at N131.92 million.

Fakoyejo Olalekan

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