Stock Investors Lose N51.78 billion Due To Low Demand For Guinness, Access Corp, Others

The equity capitalisation fell to N28.68 trillion on Friday, 27 January 2023, from the N28.73 trillion it closed at on Thursday, 26 January 2023.

This means the market capitalisation of the Nigerian bourse depreciated by 0.18 per cent or N51.78 billion. 

The All-Share Index shed 95.08 basis points to close at 52,657.88 ASI, from 52,752.96 ASI.

On Friday, over 171.10 million shares, valued at N2.34 billion, were traded in 3,599 deals. 

It contrasted the 139.68 million shares traded in 3,549 deals, worth N2.02 billion, on Thursday. 

Top five gainers 

• CAP share appreciated by N1.75kobo to rise from N17.80kobo to N19.55kobo per share
• NNFM grew by N0.60kobo, up from N6.15kobo to N6.75kobo per share
• Japaul Gold ended trading with N0.34kobo from N0.31kobo per share, rising by 9.68 per cent.
• Tripple Gee gained 9.38 per cent to end trading at N1.05, having opened with N0.96kobo per share.
• Cornerstone stock was up by 9.26 per cent, closing with N0.59kobo from N0.54kobo per share 

Top five losers 

• Cutix depreciated by N0.18kobo, dwindling from N2.22kobo to N2.04 per share.
• International Breweries also fell by N0.30kobo to end trading at N4.60kobo, after opening with N4.90kobo per share.
• GlaxoSmith followed the same path, losing N0.30kobo after trading hours, to sell at N6.50kobo from N6.80kobo per share.
• Access Corp reported a decline of N0.40kobo from the previous day’s share price of N9 to end trading at N9.40kobo per share.
• Guinness share depreciated to N70 from N72.70kobo, after losing N2.70kobo during trading hours. 

Top five trading equities in stock exchange 

• Fidelity Bank reported 26.64 million shares valued at N145.13 million were traded on its floor  
• Chams recorded 17.78 million shares valued at N5.30 million
• First Bank saw investors trade 15.13 million of its shares valued at N177.19 million
• Japaul Gold recorded 9.07 million shares exchanged on its floor, worth N3 million
• GTCO reported 8.68 million shares valued at N211.92 million exchanged investors’ hands

Fakoyejo Olalekan

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