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

March 7, 2023
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

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.

Join our WhatsApp Channel

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
+ posts

Featured Stories

Latest from Business News

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Written by Amanze Chinonye Kenya has increased its shareholding in the Africa Finance Corporation (AFC) by $25 million (3.25 billion shillings), President William Ruto said on Saturday during a visit to the pan-African lender’s headquarters in Lagos, as Nairobi seeks financing for major
Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

TOR Secures 950,000 Barrels of Sankofa Crude to Sustain Operations

Written by Amanze Chinonye Tema Oil Refinery (TOR) has secured 950,000 barrels of locally produced crude from Ghana’s Sankofa-Gye Nyame field, providing fresh feedstock as the refinery works to sustain operations and increase fuel production for the domestic market, Prime Business Africa reports.

Gambia Orders Banks to Replace Non-Gambian Staff by Year-End

Written by Amanze Chinonye The Central Bank of The Gambia has directed commercial banks to phase out non-Gambian employees and replace them with suitably qualified Gambian nationals by Dec. 31, as the regulator tightens enforcement of rules governing expatriate employment in the banking
Labour Party Dissolves Rivers State Executive Council
Previous Story

Labour Party Dissolves Rivers State Executive Council

Endless Possibilities For Next Generation Of Social Media Features
Next Story

Endless Possibilities For Next Generation Of Social Media Features

Don't Miss

TikTok has launched a lawsuit against the United States government over legislation threatening to force the sale or ban of its parent company, ByteDance.

TikTok Sues U.S. Government Over Sale Bill On ByteDance

TikTok has launched a lawsuit against the United States government
soft drinks

Expert Decries Poor Regulation Of Sugar In Beverage Products In Nigeria 

Co-chair, National Action on Sugar Reduction, Comrade Bernard Enyia, has