Over N27.93 billion Lost in Stock Market, After Sell Off In FTN Cocoa, AIICO, Others

September 14, 2022
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

The Nigerian stock market lost N27.93 billion in value after the market capitalisation dipped -0.10%, to close at N26.74 trillion from N26.768 trillion.

All-Share Index dragged the market cap down after depreciating from 49,627.72 ASI to 49,575.93, shedding 51.79 basis points during trading. 

Join our WhatsApp Channel

Investors traded 197.45 million shares worth N2.94 billion in 3,462 deals, in contrast to the 160.24 million shares, valued at N1.48 billion, that was exchanged in 3,847 deals on Tuesday. 

Top five gainers

  • Regal Insurance share appreciated by 8 percent to rise from N0.25kobo to N0.27kobo per.
  • Associated Bus Company stock grew 7.14 percent, up from N0.28kobo to N0.30kobo per share.
  • Japaul Gold ended trading with N0.28kobo from N0.27kobo per share, rising by 3.70 percent.
  • Livestock gained 3.60 percent to end trading at N1.15kobo, having opened with N1.11kobo.
  • Honeywell Flour stock was up by 3 percent, closing with N2.40kobo from N2.33kobo per share. 

Top five losers

  • FTN Cocoa depreciated by 9.38 percent, dwindling from N0.32kobo to N0.29kobo per share.
  • Chams also fell by 9.09 percent to end trading at N0.30kobo, after opening with N0.33kobo per share.
  • Wapic followed the same path, losing 5.26 percent after trading hours, to sell at N0.36kobo from N0.38kobo per share.
  • Cutix reported a decline of N0.11kobo from previous day’s share price of N2.26kobo to end trading at N2.15kobo per share.
  • AIICO share depreciated to N0.55kobo from N0.57kobo, after losing 3.51 percent during trading hours.   

Top five trading equities in stock exchange

  • Courtville reported 87.14 million shares valued at N40.99 million were traded on its floor.
  • Zenith Bank recorded 18.25 million shares valued at N360.25 million.
  • GTCO saw investors trade 9.48 million of its shares valued at N187.38 million.
  • Cornerstone recorded 9.35 million shares exchanged on its floor, worth N5.70 million.
  • Sterling Bank reported 7.79 million shares valued at N11.69 million exchanged investors’ hands.
+ posts

Featured Stories

Latest from Business News

India, Switzerland Set Up Trade Group as EFTA Pact Enters Second Year

Written by Amanze Chinonye India and Switzerland have agreed to establish a special group to address trade and investment concerns and strengthen economic ties, as the two countries mark one year since the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement
Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

World Bank Flags Taxes, Bribery as Constraints on Kenya Businesses

Written by Amanze Chinonye Kenya’s private sector faces higher costs and uncertainty from multiple taxes, regulatory hurdles and bribery, the World Bank said on Thursday, warning that the constraints are weighing on investment and business growth. While Kenya’s corporate income tax rate is

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

Written by Amanze Chinonye Rwanda has begun importing bulk refined petroleum products through Kenya’s Mombasa port under a new government-to-government arrangement aimed at diversifying its fuel supply routes and strengthening energy security, with the first 40,000-tonne cargo arriving this week. Join our WhatsApp
Guinness Nigeria Reports Increase In Revenue Growth
Previous Story

Guinness Nigeria Reports Increase In Revenue Growth

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June
Next Story

Pres. Buhari Reveals Timeline To End Kerosene Usage In Nigeria

Don't Miss

Cyber attacks

How Cybercriminals Are Tricking Users with Excel – HP Wolf Security

A new quarterly report released on Friday by HP Wolf
Merchant Express Cargo Accuses Arik Air Founder Of Mischief Over CRJ1000 Aircraft Dispute

Merchant Express Cargo Accuses Arik Air Founder Of Mischief Over CRJ1000 Aircraft Dispute

Issues surrounding the removal of CRJ1000 aircraft from the Arik