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NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Nigerian Stock Market: Investors Lose N16.75 billion In Six Hours

2 years ago
1 min read

Nigerian bourse fell -0.06% on Wednesday, representing a loss of N16.75 billion. This dragged the market capitalisation down to N27.28 trillion from N27.30 trillion.

The All-Share Index lost 31.07 basis points from the 50,626.04 ASI recorded on Tuesday, declining to 50,594.97 ASI.

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Investors traded 121.16 million shares, worth N4.16 billion, in 4,369 deals on Wednesday.

However, a day before, investors parted with N2.86 billion to exchanged 129.1 million shares in 4,706 deals on Tuesday.

Top five gainers

  • Lasaco gained 10 percent, after its stock price appreciated from N0.90kobo to N0.99kobo per share.
  • UPDC reported an uptick of N0.10kobo, as its share rose from N1.03 to N1.13kobo per share.
  • Honeywell Flour share went up by N0.22kobo, rising to N2.49kobo from N2.27kobo per share.
  • Chams saw its share price gain 8.70 percent, increasing to N0.25kobo from N0.23kobo per share.
  • Japaul Gold recorded an appreciation of 7.41 percent, after the share went from N0.27kobo to N0.29kobo per share.

Top five losers

  • Learn Africa share depreciated by N0.26kobo, dwindling from N2.60kobo to N2.34kobo per share.
  • UPL share dropped in value by N0.23kobo, to settle at N2.12kobo from N2.35kobo per share.
  • Cornerstone followed the same path, losing 9.33 percent after trading hours, to sell at N0.68kobo from N0.75kobo per share.
  • Unity Bank reported a decline of 4.26 percent in its share, depreciating from N0.47kobo to N0.45kobo per share.
  • Fidelity Bank share lost N0.12kobo from previous day’s N3.12kobo, dropping to N3 per share.

Top five trading equities

  • MTN Nigeria reported 10.41 million shares valued at N2.23 billion, were traded on its floor.
  • FBN Holdings recorded 9.53 million shares valued at N104.17 million.
  • Zenith Bank saw investors trade 8.36 million of its shares worth N178.85 million.
  • UBA recorded 6.80 million shares worth N48.08 million were exchanged.
  • Access Corp reported that 6.60 million shares exchanged hands of investors, valued at N58.99 million.

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