Investors Lose N37 billion Due To Low Demand For Caverton, Stanbic IBTC, Others

The total valuation of equities in the Nigerian stock market dipped N37 billion on Thursday, to depreciate from N30.50 trillion to N30.46 trillion.

It followed the All-Share Index’s path, which shed 67.93 basis points from the 56,024.52 ASI reported the previous day, to settle at 55,956.59 ASI.

Trading closed with 531.78 million shares traded in 6,061 deals on Thursday, valued at N7.68 billion.

This is more than the 397.62 million shares, worth N6.53 billion, that investors exchanged on Wednesday in 5,613 deals.

Top five gainers

• Secure Electronic Technology’s share appreciated by 10 per cent to rise from N0.30 kobo to N0.33 kobo per share.
• Unity Bank grew by 10 per cent, up from N0.60 kobo to N0.66 kobo per share.
• Sovereign Insurance ended trading with N0.44 kobo from N0.40 kobo per share, rising by 10 per cent.
• ETranzact gained N0.44 kobo to end trading at N4.84 kobo, having opened with N4.40 kobo per share.
• Japaul Gold’s stock was up by 10 per cent, closing at N0.44 kobo from N0.40 kobo per share.

Top five losers

• John Holt depreciated by N0.15 kobo, dwindling from N1.55 kobo to N1.40 kobo per share.
• Caverton also fell by N0.10 kobo to end trading at N1.30 kobo, after opening at N1.40 kobo per share.
• Wapic followed the same path, losing 6.52 per cent after trading hours, to sell at N0.43 kobo from N0.46 kobo per share.
• Glaxo Smith reported a decline of N0.40 kobo from the previous day’s share price of N7.55 kobo to end trading at N7.15 kobo per share.
• Stanbic IBTC share depreciated to N45 from N46.40 kobo, after losing N1.40 kobo during trading hours.

Top five trading equities in the stock exchange

• UBA reported 177.47 million shares, valued at N1.72 billion, were traded on its floor.
• NPF Microfinance recorded 51.80 million shares valued at N93.29 million.
• Access Corporation saw investors trade 32.10 million shares valued at N412.98 million.
• Zenith Bank recorded 30.82 million shares exchanged on its floor, worth N863.31 million.
• Dangote Sugar reported 19.30 million shares, valued at N407.96 million, exchanged investors’ hands.