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

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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. 

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.
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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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