Redstar Express Tops Gainers’ List, NNFM Leads Losers In Stock Market

Redstar Express, Lasaco, others gained N130.04 billion at the end of stock market trading on Friday, May 23, with the equity capitalisation rising to N68.75 trillion from N68.62 trillion on Thursday, May 22.

However, the all-share index (ASI) depreciated by 154.4 basis points to 109,028.62 ASI from 109,183.02 ASI.

This was after investors traded 637,54 million shares, worth N18,12 billion, in 15,927 deals, against the 1.64 billion shares traded by investors in 26,176 deals, worth N19.09 billion, the day before.

Top five gainers

• Redstar Express’ share price increased by N0.61 kobo to rise from N6.10 kobo to N6.71 kobo per share.
• UPL’ share value grew by N0.39 kobo, up from N3.97 kobo to N4.36 kobo per share.
• Associated Bus Transport ended trading at N2.49 kobo per share, from N2.27 kobo per share – indicating an increase of N0.20 kobo.
• MCNichols gained N0.19 kobo to end trading at N2.29 kobo, having opened with N2.10 kobo.
• Lasaco’s share value was up by N0.21 kobo, after closing at N2.69 kobo from N2.48 kobo per share.

Top five losers

• NNFM’s share price depreciated by N13.15 kobo, dwindling from N131.85 kobo to N118.70 kobo per share.
• Transcohot recorded a N15.30 kobo decline in its share price to end trading at N138.50 kobo after opening with N153.80 kobo per share.
• Learn Africa lost N0.44 kobo in its share price after trading hours, to sell at N 4.01 from N4.45 kobo per share.
• Legend Internet reported a decline of N0.80 kobo from the previous day’s share price of N8.40 kobo to end trading at N7.60 kobo per share.
• Sovereign Insurance recorded an 8.57 percent decline in its share price to end trading at N0.96 kobo after opening with N1.05 per share.

Top five trading equities in the stock exchange

• Tantalizer reported that 145.07 million shares valued at N384.44 million were traded on its floor.
• Fidelity Bank recorded 85.56 million shares valued at N1.55 billion.
• Nigerian Breweries saw investors trade 47.53 million of its shares valued at N2.57 billion.
• UBA recorded 45.14 million shares exchanged on its floor, worth N1.53 billion.
• GTCO reported 29.38 million shares valued at N2.04 million exchanged in investors’ hands.

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