Sell-off In UAC Nigeria, Vitafoam, Others Wipe Off N19.11 billion in Nigerian Stock Market

Nigerian stock exchange dip -0.07%, causing the equity capitalisation to lose N19.11 billion, as it depreciated to N26.72 trillion from N26.74 trillion on Thursday, amid sell-off in Vitafoam and UAC Nigeria. 

This was on the back of the All-Share Index shedding 35.45 basis, to decline from 49,575.93 ASI to 49,540.48. 

As trading closed, investors traded about 167.60 million shares worth N1.26 billion in 3,458 deals, which is in contrast to the 197.45 million shares exchanged in 3,462 deals on Wednesday, worth N2.94 billion.

READ ALSO: Stock Market: VITAFOAM Tops Among 15 Gainers

Top five gainers

• Sovereign Insurance share appreciated by 3.85 percent to rise from N0.26kobo to N0.27kobo per.
• Cadbury stock grew N0.35kobo, up from N13 to N13.35kobo per share.
• Courtville ended trading with N0.49kobo from N0.48kobo per share, rising by 2.08 percent.
• Zenith Bank gained N0.15kobo to end trading at N19.65kobo, having opened with N19.50kobo.
• UBA stock was up by 0.68 percent, closing with N7.45kobo from N7.40kobo per share.

Top five losers led by Vitafoam and UAC

• UAC Nigeria depreciated by N0.75kobo, dwindling from N11 to N10.25kobo per share.
• Vitafoam also fell by N1.25kobo to end trading at N20, after opening with N21.25kobo per share.
• UPDC REIT followed the same path, losing N0.20kobo after trading hours, to sell at N3.20kobo from N3.40kobo per share.
• UPDC reported a decline of 5 percent from previous day’s share price of N1 to end trading at N0.95kobo per share.
• Consolidated Hallmark Insurance share depreciated to N0.59kobo from N0.62kobo, after losing 4.84 percent during trading hours.

Top five trading equities in stock exchange

• Courtville reported 38.81 million shares valued at N18.24 million were traded on its floor.
• Access Corp recorded 28.47 million shares valued at N249.36 million.
• Fidelity Bank saw investors trade 10.81 million of its shares valued at N36.90 million.
• Transcorp recorded 10.68 million shares exchanged on its floor, worth N11.26 million.
• Consolidated Hallmark Insurance reported 9.22 million shares valued at N5.29 million exchanged investors’ hands.

Fakoyejo Olalekan

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