BUA Cement, Guinness, Other Investors Suffer N124.90 billion Loss As Nigerian Stock Market Falls

September 22, 2022
STOCKS

Nigerian Exchange declined by -0.4% to N26.53 trillion on Thursday,  as investors lost N124.90 billion from Wednesday’s N26.53 trillion.

The All-Share Index dragged down the market cap after shedding 231.57 basis points to depreciate from 49,421.91 ASI to 49,190.34 ASI. 

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At the end of trading on Thursday, over 126.84 million shares were traded in 3,117 deals, worth N1.78 billion. 

However, a day before, about 51.87 million shares, worth N590 million, were traded in 2,981 deals. 

Top five gainers

  • Trans Express share appreciated by 8.70 percent to rise from N0.75kobo to N0.69kobo per.
  • NEM stock grew N0.14kobo, up from N5.25kobo to N5.39kobo per share.
  • Cutix ended trading with N2.05 from N2 per share, rising by 2.50 percent.
  • Academy gained 2.41 percent to end trading at N1.70kobo, having opened with N1.66kobo.
  • International Breweries’ stock was up by N0.10kobo, closing with N5.05 from N4.95kobo per share.
  • READ ALSO: Over N12.62 billion Loss Recorded By Nigerian Stock Investors Due To Share Dump In Cadbury, Others

Investors: Top five losers

  • Cornerstone depreciated by 10 percent, dwindling from N0.60kobo to N0.54kobo per share.
  • Multiverse also fell by N0.31kobo to end trading at N2.82kobo, after opening with N3.13kobo per share.
  • Cadbury followed the same path, losing N1.25kobo after trading hours, to sell at N11.75kobo from N13 per share.
  • BUA Cement reported a decline of N3.30kobo from previous day’s share price of N53.40kobo to end trading at N50.10kobo per share.
  • Guinness share depreciated to N83 from N87.90kobo, after losing N4.90kobo during trading hours. 

Top five trading equities in stock exchange

  • NGX Group reported 30.75 million shares valued at N553.54 million were traded on its floor.
  • Zenith Bank recorded 24.39 million shares valued at N488 million.
  • Fidelity Bank saw investors trade 13.83 million of its shares valued at N50.65 million.
  • FBN Holdings recorded 11.03 million shares exchanged on its floor, worth N110.81 million.
  • Access Corp reported 8.22 million shares valued at N68.21 million exchanged investors’ hands.
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