Investors In Cadbury, Wema Bank, Others Lose N27.58 billion In Stock Trading

About N27.58 billion was lost in the Nigerian bourse on Friday, 14 April 2023, as the stock market capitalisation depreciated from N28.29 trillion to close at N28.26 trillion on Friday.

Also, the All-Share Index closed down at 51,893.94 ASI from 51,944.58 ASI, after shedding 50.64 basis points.

On the exchange floor, investors parted with N2.36 billion in 3,766 deals on Friday, to trade 541.98 million shares.

During trading the previous day, investors exchanged 302.91 billion shares in 3,743 deals worth N2.02 billion.

Top five gainers 

• Multiverse share appreciated by N0.23kobo to rise from N2.31kobo to N2.31kobo per share. 
• Transcorp grew by N0.15kobo, up from N1.54kobo to N1.69kobo per share. 
• Royal Exchange ended trading with N0.61kobo from N0.56kobo per share, rising by 8.93 per cent. 
• FTN Cocoa gained 8 per cent to end trading at N0.27kobo, having opened with N0.25kobo per share. 
• Ikeja Hotel’s stock was up by 7.41 per cent, closing at N1.16kobo from N1.08 per share.   

Top five losers 

• Cadbury depreciated by N1.10kobo, dwindling from N11.30kobo to N10.20kobo per share.    
• Wapic also fell by 9.52 per cent to end trading at N0.38kobo, after opening with N0.42kobo per share.    
• RT Briscoe followed the same path losing 8.33 per cent after trading hours, to sell at N0.22kobo from N0.24kobo per share.    
• Wema Bank reported a decline of N0.20kobo from the previous day’s share price of N4 to end trading at N3.80kobo per share.    
• First Bank Holdings’ share depreciated to N10.45kobo from N10.90kobo, after losing N0.45kobo during trading hours.    

Top five trading equities in the stock exchange 

• Chams reported 293.14 million shares, valued at N293.14 million, were traded on its floor.  
• UBA recorded 94.09 million shares valued at N798.65 million.   
• Fidelity Bank saw investors trade 43.19 million of its shares valued at N217.98 million.   
• Zenith Bank recorded 18.16 million shares exchanged on its floor, worth N454.27 million.    
• Sterling Bank reported 13.29 million shares, valued at N19.41 million, exchanged investors’ hands.

Fakoyejo Olalekan

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