NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Honeywell, Champion, Other Firms’ Investors Lose N134.25 billion, As Nigerian Bourse Crashes

1 year ago
1 min read

The Nigerian Stock Exchange reported that the market capitalisation lost N134.25 billion on Tuesday, sending the bourse’s value down to N28.02 trillion from the previous day’s N28.15 trillion.

Similarly, the All Share Index closed down at 51,446.6 ASI after losing 246.48 basis points from the 51,693.08 ASI it settled at on Monday.

Investors parted with N8.29 billion on Tuesday to exchange 345.49 million shares in 4,184 deals. It contrasted with the N2.90 billion traded for 229.21 million shares in 3,900 deals on Monday.

Top five gainers

Thomas Wyatt share appreciated by N0.10kobo to rise from N1.06 to N1.16kobo per share 

Mutual Benefit grew by 7.14 per cent, up from N0.28kobo to N0.30kobo per share 

Academy ended trading with N1.31kobo from N1.24kobo per share, rising by 5.65 per cent. 

Lasaco gained 4.44 per cent to end trading at N0.94kobo, having opened with N0.90kobo per share. 

Chams stock was up by 4.35 per cent, closing with N0.24kobo from N0.23kobo per share 

Top five losers

NEM depreciated by N0.45kobo, dwindling from N4.50kobo to N4.05 per share. 

Chellaram also fell by N0.20kobo to end trading at N1.82kobo, after opening with N2.02 per share. 

Champion Brew followed the same path, losing N0.46kobo after trading hours, to sell at N4.34kobo from N4.80kobo per share.   

Cornerstone reported a decline of 6.67 per cent from the previous day’s share price of N0.60kobo to end trading at N0.56kobo per share.  

Honeywell Flour share depreciated to N2.30kobo from N2.42kobo, after losing N0.12kobo during trading hours. 

Top five trading equities in stock exchange

FBN Holdings reported 151.38 million shares valued at N1.69 billion were traded on its floor   

BUA Cement recorded 30.45 million shares valued at N2.91 billion  

Zenith Bank saw investors trade 25.45 million of its shares valued at N619.71 million 

Fidelity Bank recorded 18.55 million shares exchanged on its floor, worth N87.55 million  

Transcorp reported 13 million shares valued at N15.45 million exchanged investors’ hands


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