Stock Market Cap Falls, Transcorp, Zenith Bank Make Top Trade List

About N6.96 billion was wiped off the Nigerian stock exchange on Tuesday, 7 March 2023, as the bourse’s capitalisation closed at N30.28 trillion.

The market capitalisation depreciated by 0.02 per cent when compared to the N30.29 trillion it settled at a day before.

The All-Share Index also closed down shedding 12.79 basis points to drop from 55,605.57 to 55,592.78 ASI. 

On the exchange floor on Tuesday, 131.05 million shares were traded in 3,763 deals, worth N1.95 billion. 

The value of shares fell below the N2.48 billion exchanged for 123.54 million shares in 4,076 deals on Monday.

Top five gainers 

• Caverton’s share appreciated by N0.10kobo to rise from N1.04 to N1.14kobo per share        
• UAC Nigeria grew by N0.65kobo, up from N8.55kobo to N9.20kobo per share   
• Wapic ended trading with N0.42kobo from N0.40kobo per share, rising by 5 per cent. 
• Mansard gained 4.50 per cent to end trading at N2.09, having opened with N2 per share.    
• Chams’ stock was up by 3.85 per cent, closing at N0.27kobo from N0.26kobo per share   

Top five losers 

• MRS depreciated by N3.45kobo, dwindling from N34.50kobo to N31.05kobo per share.       
• NCR also fell by N0.32kobo to end trading at N2.92kobo, after opening with N3.24kobo per share.     
• Multiverse followed the same path, losing N0.39kobo after trading hours, to sell at N3.57kobo from N3.96kobo per share.       
• Veritas Kapital reported a decline of 9.09 per cent from the previous day’s share price of N0.22kobo to end trading at N0.20kobo per share.       
• Cutix’s share depreciated to N2 from N2.20kobo, after losing N0.20kobo during trading hours.        

Top five trading equities in the stock exchange

• Transcorp reported 114.42 million shares valued at N18.46 million were traded on its floor         
• Zenith Bank recorded 13.26 million shares valued at N344.87 million       
• GTCO saw investors trade 11.87 million of its shares valued at N311.01 million       
• UBA recorded 11.14 million shares exchanged on its floor, worth N95.46 million       
• Fidelity Bank reported 10.22 million shares, valued at N52.51 million, exchanged investors’ hands

Fakoyejo Olalekan

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