Eterna Tops Gainers, NEM Leads Losers After Stock Market Activities

August 16, 2023
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

On Wednesday, the stock market capitalisation in Nigeria settled at N35.36 trillion, with the All-Share Index closing trading at 64,625.28 ASI.

At the end of trading on Wednesday, investors traded 291.71 million shares, worth N7.43 billion, in 6,213 deals, contrasting with the N4.64 billion traded on Tuesday in 6,296 deals for 280.46 million shares.

Join our WhatsApp Channel

Top five gainers 

  • Eterna’s share appreciated by N1.60 kobo to rise from N16 to N17.60 kobo per share. 
  • CWG grew by N0.26 kobo, up from N3.02 to N3.28 kobo per share.     
  • FTN Cocoa ended trading with N2.15 kobo from N2.01 per share, rising by N0.14 kobo. 
  • Livestock gained N0.10 kobo to end trading at N1.90 kobo, having opened with N1.80 kobo per share.      
  • Vitafoam’s stock was up by N1, closing at N21.90 kobo from N20.90 kobo per share. 

Top five losers 

  • NEM depreciated by N0.60 kobo, dwindling from N6 to N5.40 kobo per share.       
  • Sunu Assurances declined by 8.51 per cent to end trading at N0.86 kobo, after opening at N0.94 kobo per share.       
  • Guinea Insurance followed the same path, losing 7.89 per cent after trading hours, to sell at N0.35 kobo from N0.38 kobo per share.       
  • Cornerstone reported a decline of N0.10 kobo from the previous day’s share price of N1.41 kobo to end trading at N1.31 kobo per share.       
  • Omatek’s share depreciated to N0.32 kobo from N0.34 kobo, after losing 5.88 per cent during trading hours.  

Top five trading equities in the stock exchange 

  • GTCO reported 41.74 million shares, valued at N1.55 billion, were traded on its floor.       
  • Universal Insurance recorded 22.84 million shares valued at N5.16 million.     
  • UBA saw investors trade 22.55 million shares valued at N315.37 million.     
  • Sterling Financial Holdings recorded 21.64 million shares exchanged on its floor, worth N76.98 million.     
  • Transcorp reported 15.70 million shares, valued at N62.65 million, exchanged investors’ hands. 
+ posts

Featured Stories

Latest from Business News

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Zimbabwe Seeks $115 Million Afreximbank Loan to Revive State Railway

Written by Amanze Chinonye Zimbabwe’s state-owned railway operator is negotiating a $115 million financing facility with the African Export-Import Bank (Afreximbank) to acquire locomotives and wagons and rehabilitate parts of its ageing rail network, officials said. The National Railways of Zimbabwe (NRZ) is

U.S. Expands 50% Tariffs on Canadian Goods, Escalating Trade Dispute

Written by Amanze Chinonye The United States has expanded its 50% tariffs on Canadian imports to cover a broader range of consumer and industrial goods, including certain cheeses, motorboats, furniture, mattresses and selected aluminum and steel products, escalating a trade dispute between the
Nigeria Now Leading Cement Exporter In Africa – Dangote

Dangote Refinery Opens Africa’s Biggest IPO as Jet-Fuel Exports Surge

Written by Amanze Chinonye Dangote Petroleum Refinery and Petrochemicals opened its initial public offering on Monday, seeking to raise about 2.15 trillion naira ($1.6 billion) as the Nigerian refinery moves to expand production and broaden public ownership, Prime Business Africa reports.  Join our

Dangote Moves to Protect Investors Ahead of Refinery IPO

Written by Amanze Chinonye Dangote Petroleum Refinery and Petrochemicals FZE has stepped up measures to protect prospective investors from fraud ahead of its planned initial public offering, approving 32 banks, fintech firms, mobile-money operators and investment platforms to handle share subscriptions. Join our
‘Jagun Jagun' Achieves 2.1 Million Global Views On Netflix
Previous Story

‘Jagun Jagun’ Achieves 2.1 Million Global Views On Netflix

Oby Ezekwesili Berates Nigerian Senate Over Natasha’s Suspension
Next Story

2023 Polls: Fate Of Nigeria’s Democracy Lies On Judicial Process Outcome – Oby Ezekwesili

Don't Miss

BCX ups the sales ante with centralised SAP solution

JOHANNESBURG, South Africa, 18 October 2022 -/African Media Agency(AMA)/- High levels of

Electoral Reform Bill Still Under Harmonisation, Kingibe Clarifies Senate Position

Senator representing the Federal Capital Territory (FCT), Ireti Heebah Kingibe,