Tantalizer, Mutual Benefit, Others Drag Nigerian Bourse Value Down By N14.72bn

Stock market capitalisation ended trading on Tuesday with N35.54 trillion, as selloffs in Tantalizer, Mutual Benefit and others dragged the bourse’s value down by 0.04 per cent.

This wiped N14.72 billion from the market capitalisation, which closed trading on Monday with N35.55 trillion. 

Trading closed with the All-Share Index depreciating by 27.06 basis points from 65,336.71 points to 65,309.65 ASI. 

Over 317.80 million shares were exchanged in 6,376 deals on Tuesday, worth N4.47 billion, contrasting with Monday’s 334.33 million shares, worth N3.89 billion, traded in 6,940 deals.

Top five gainers

• Guinness’ share appreciated by N5.50 kobo to rise from N55 to N60.50 kobo per share.     
• Glaxo SmithKline grew by N0.95 kobo, up from N9.75 kobo to N10.70 kobo per share.     
• Chellaram ended trading with N3.72 kobo from N3.39 kobo per share, rising by N0.33 kobo.     
• TIP gained 9.72 per cent to end trading at N0.79 kobo, having opened with N0.72 kobo per share.      
• Universal Insurance’s stock was up by 9.09 per cent, closing at N0.24 kobo from N0.22 kobo per share.

Top five losers 

• NSLTECH depreciated by 10 per cent, dwindling from N0.30 kobo to N0.27 kobo per share.       
• NNFM declined by N1.35 kobo to end trading at N12.30 kobo, after opening at N13.65 kobo per share.       
• John Holt followed the same path, losing N0.14 kobo after trading hours, to sell at N1.33 kobo from N1.47 kobo per share.       
• Tantalizer reported a decline of 8.33 per cent from the previous day’s share price of N0.36 kobo to end trading at N0.33 kobo per share.       
• Mutual Benefit’s share depreciated to N0.48 kobo from N0.52 kobo, after losing 7.69 per cent during trading hours.  

Top five trading equities in the stock exchange 

• Access Corporation reported 49.35 million shares, valued at N861.16 million, were traded on its floor.       
• Sterling Financial Holdings recorded 43.82 million shares valued at N153.93 million.     
• Universal Insurance saw investors trade 28.86 million shares valued at N6.89 million.     
• FCMB recorded 18.12 million shares exchanged on its floor, worth N112.16 million.     
• FBN Holding reported 14.30 million shares, valued at N261.73 million, exchanged investors’ hands. 

Fakoyejo Olalekan

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