Over N256.69 billion Wiped Off Stock Market, Ardova, Honeywell Investors Among Losers

Trading in the stock market on Thursday closed with the equity capitalisation dropping to N28.37 trillion, indicating N256.69 billion loss.

Recall that the stock market capitalisation had closed at N28.63 trillion on Wednesday, which means it depreciated by -0.89 per cent.

The All-Share Index shed 471.43 basis points from the previous day’s 52,580.86 ASI, to close down at 52,109.43 ASI.

Investors expended N5.14 billion to exchange 334.23 million shares in 5,350 deals on Thursday, which differs from the 680.79 million shares, valued at N7.89 billion, that were traded on Wednesday in 6,666 deals.

Top five gainers

• Associated Bus Company’s share appreciated by 10 per cent to rise from N0.40kobo to N0.44kobo per share.
• MRS grew by N3.70kobo, up from N37.10kobo to N40.80kobo per share.
• NPF Microfinance ended trading with N1.75kobo from N1.60kobo per share, rising by N0.15kobo.
• Courtville gained 9.30 per cent to end trading at N0.47kobo, having opened with N0.43kobo per share.
• Tripple Gee’s stock was up by N0.25kobo, closing at N2.95kobo from N2.70kobo per share.

Top five losers

• Academy depreciated by 10 per cent, dwindling from N1.70kobo to N1.53kobo per share.
• Ardova also fell by N2.45kobo to end trading at N22.35kobo, after opening at N24.80kobo per share.
• McNichols followed the same path, losing 9.33 per cent after trading hours, to sell at N0.68kobo from N0.75kobo per share.
• Honeywell Flours reported a decline of 9.33 per cent from the previous day’s share price of N2.90kobo to end trading at N2.65kobo per share.
• Regal Insurance share depreciated to N0.30kobo from N0.32kobo, after losing 6.25 per cent during trading hours.

Top five trading equities in the stock exchange

• Access Corporation reported 64.68 million shares, valued at N656.26 million, were traded on its floor.
• GTCO recorded 51.12 million shares valued at N1.34 billion.
• Zenith Bank saw investors trade 29.05 million of its shares valued at N725.71 million.
• Transcorp recorded 26.11 million shares exchanged on its floor, worth N73.78 million.
• UBA reported 18.60 million shares, valued at N156.25 million, exchanged investors’ hands.

Fakoyejo Olalekan

+ posts

• Over N535.37bn Gained By Shareholders In Dangote Sugar, Tantalizer, Others
• Negative Signal: Board Director, Sola David-Borha, Sells Off All Shares In Stanbic IBTC
• NLC To Embark On Warning Strike On Tuesday
• CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market