Redstar Express Leads Gainers, Glaxo Smith Tops Losers, As Stock Market Loses N36.57 billion

The equity capitalisation of the Nigerian stock market fell to N29.60 trillion on Thursday, 9 February 2023.

It depreciated by -0.12 per cent from the N29.64 trillion recorded on Wednesday, losing N36.57 billion.

Also, the All-Share Index lost 67.15 basis points from the previous day’s 54,427.05 ASI to close at 54,359.9 ASI.

The bourse reported 255.37 million shares were traded in 3,339 deals on Thursday, worth N3.14 billion.

This surpassed the 151.58 million shares exchanged in 2,974 deals valued at N1.81 billion on Wednesday. 

Top five gainers 

• Redstar Express’ share appreciated by N0.24kobo to rise from N2.53kobo to N2.77kobo per share   
• TransExpress grew by 9.46 per cent, up from N0.74kobo to N0.81kobo per share   
• Sunu Assurance ended trading with N0.35kobo from N0.32kobo per share, rising by 9.38 per cent.
• Tripple Gee gained N0.10kobo to end trading at N1.25kobo, having opened with N1.15kobo per share.   
• Chams stock was up by 8.33 per cent, closing with N0.26kobo from N0.24kobo per share  

Top five losers

• Glaxo Smith depreciated by N0.55kobo, dwindling from N6.95kobo to N6.40kobo per share.
• Veritas Kapital also fell by 4.76 per cent to end trading at N0.20kobo, after opening with N0.21kobo per share.
• Wapic followed the same path, losing 4.44 per cent after trading hours, to sell at N0.43kobo from N0.45kobo per share.
• Royal Exchange reported a decline of 4 per cent from the previous day’s share price of N0.75kobo to end trading at N0.72kobo per share.
• Fidelity Bank’s share depreciated to N5.70kobo from N5.90kobo, after losing N0.20kobo during trading hours.   

Top five trading equities in the stock exchange

• Universal Insurance reported 71.80 million shares valued at N14.36 million were traded on its floor     
• GTCO recorded 22.26 million shares valued at N559.06 million   
• Sterling Bank saw investors trade 12.90 million of its shares valued at N19.75 million   
• AIICO recorded 11.43 million shares exchanged on its floor, worth N6.90 million   
• FBN Holdings reported 10.31 million shares, valued at N121.90 million, exchanged investors’ hands

Fakoyejo Olalekan

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