Emmanuel OchayiThe Nigerian Stock Market experienced a significant turn-up during the trading sessions on Monday, October 2nd, and Tuesday, October 3rd, 2023, as substantial gains amounting to a total of N167 billion were recorded, spearheaded by the impressive performances of Buacement and Oando.
Amidst these gains, however, Linkassure faced losses, highlighting the market’s ever-evolving dynamics and the standout performances of key players.
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Top 5 Gainers
Buacement (BUACEMENT) led the gainers with a 9.94% increase in the closing price, gaining ₦8.50. Betaglas (BETAGLAS) followed closely with a 9.93% increase, adding ₦6.05 to its closing price.
Ftncocoa (FTNCOCOA) gained 9.93%, rising by ₦0.15. Oando (OANDO) recorded a 9.55% increase, adding ₦0.75. UACN (UACN) gained 8.50%, with a rise of ₦0.85.
Top 5 Losers
Linkassure (LINKASSURE) faced the biggest loss with a 10.00% decrease, losing ₦0.08. CWG (CWG) followed with a 9.94% decrease, losing ₦0.86. Red Star Express (REDSTAREX) experienced a 9.86% decline, losing ₦0.29. Tantalizer (TANTALIZER) had a 9.38% decrease, losing ₦0.03. UPDCREIT (UPDCREIT) recorded an 8.97% decrease, losing ₦0.35.
Gainers for ETFs
Mergrowth (MERGROWTH) saw a significant 14.60% increase, gaining ₦2.81. Lotushal15 (LOTUSHAL15) gained 10.00% with a rise of ₦1.51. Stanbic ETF 30 (STANBICETF30) increased by 8.91%, adding ₦27.60. Mervalue (MERVALUE) recorded a 4.96% increase, gaining ₦1.38.
Debt Losers
Among the debt instruments, there were losers too: FGSUK2025S2: N-17.50 loss (-14.58%) and FG132026S1: N-0.20 loss (-0.20%)
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
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