Nigerian Stock Exchange 1 660x400 1
Nigerian Stock Exchange 1 660x400 1

Fidelity Bank, Stanbic IBTC, Others Lose N706.77bn, As Investors Dump Shares

1 year ago
1 min read

Nigerian stock market valuation depreciated to N34.16 trillion on Thursday, from N34.87 trillion, losing N706.77 billion by the close of trading.

The All-Share Index dropped from 64,046.93 ASI to 62,748.94 ASI, shedding 1,297.99 basis points. 

Nigerian bourse recorded N10.44 billion transaction, as 798.46 million shares were traded in 10,296 deals on Thursday, falling below the N12.69 billion exchanged for 1.63 billion shares in 13,878 deals on Wednesday.

Top five gainers 

  • John Holt’s share appreciated by N0.15 kobo to rise from N1.50 kobo to N1.65 kobo per share.  
  • Dangote Sugar grew by N2.70 kobo, up from N27.15 kobo to N29.85 kobo per share.  
  • Nascon ended trading with N25.50 kobo from N23.20 kobo per share, rising by N2.30 kobo.  
  • Skyway Aviation gained N1.20 kobo to end trading at N13.45 kobo, having opened with N12.25 kobo per share.   
  • Golden Brew’s stock was up by N0.26 kobo, closing at N2.93 kobo from N2.67 kobo per share.  

Top five losers 

  • Wema Bank depreciated by N0.50 kobo, dwindling from N5 to N4.50 kobo per share.    
  • Fidelity Bank also declined by N0.79 kobo to end trading at N7.11 kobo, after opening at N7.90 kobo per share.    
  • Stanbic IBTC followed the same path, losing N6.80 kobo after trading hours, to sell at N61.20 kobo from N68 per share.    
  • Sovereign Insurance reported a decline of 10 per cent from the previous day’s share price of N0.50 kobo to end trading at N0.45 kobo per share.    
  • Omatek’s share depreciated to N0.54 kobo from N0.60 kobo, after losing 10 per cent during trading hours.  

Top five trading equities in the stock exchange 

  • UBA reported 99.01 million shares, valued at N1.33 billion, were traded on its floor.    
  • FBN Holdings recorded 72.68 million shares valued at N1.28 billion.  
  • Transcorp saw investors trade 68.79 million shares valued at N280.80 million.  
  • FCMB recorded 67.89 million shares exchanged on its floor, worth N415.89 million.  
  • GTCO reported 51.24 million shares, valued at N1.77 billion, exchanged investors’ hands.


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