Wema Bank, BUA Cement, Others Cost Stock Market Investors N672bn

Wema Bank and BUA Cement are part of the stocks that dragged the Nigerian stock market capitalisation down by N672.02 billion on Tuesday.

Following selloffs in these equities, including Lasaco, and PZ, the bourse’s capitalisation fell to N33.05 trillion, from N33.73 trillion.

The All-Share Index dipped by 1,234.2 basis points to settle at 60,715.04 ASI. This is below Monday’s 61,949.24 ASI.

Trading closed on Tuesday with N12.20 billion traded for 1.10 billion shares, in 12,194 deals.

During trading the previous day, 1.20 billion shares, worth N14.03 billion, were traded in 12,128 deals.

Top five gainers

• Consolidated Hallmark Insurance’s share appreciated by 10 per cent to rise from N0.90 to N0.99 kobo per share.
• Eterna grew by N2.30 kobo, up from N23.10 kobo to N25.40 kobo per share.
• Chams ended trading with N0.89 kobo from N0.81 kobo per share, rising by 9.88 per cent.
• ETranzact gained N0.70 kobo to end trading at N7.79 kobo, having opened with N7.09 per share.
• Skyway Aviation’s stock was up by N1.10 kobo, closing at N12.25 kobo from N11.15 kobo per share.

Top five losers

• Lasaco depreciated by N0.37 kobo, dwindling from N2.67 kobo to N2.30 kobo per share.
• PZ also fell by N2.30 kobo to end trading at N20.70 kobo, after opening at N23 per share.
• Wema Bank followed the same path, losing N0.58 kobo after trading hours, to sell at N5.23 kobo from N5.81 kobo per share.
• BUA Cement reported a decline of N9.10 kobo from the previous day’s share price of N92.25 kobo to end trading at N83.15 kobo per share.
• Transcorp Plc’s share depreciated to N3.48 kobo from N3.86 kobo, after losing N0.38 kobo during trading hours.

Top five trading equities in the stock exchange

• FCMB reported 180.75 million shares, valued at N981.47 million, were traded on its floor.
• Sterling Financials recorded 107.53 million shares valued at N411.13 million.
• Transcorp Plc saw investors trade 105.87 million shares valued at N381 million.
• UBA recorded 87.32 million shares exchanged on its floor, worth N1.11 billion.
• Access Corporation reported 77.84 million shares, valued at N1.34 billion, exchanged investors’ hands.