Losses In Ecobank, RT Briscoe Sink Stock Market By N313.01 billion

Nigerian bourse depreciated by -1.03 per cent, costing stock investors N313.01 billion loss after trading on Thursday, 16 March 2023. 

This sent the market capitalisation down to N29.91 trillion from N30.22 trillion. 

Also, the All-Share Index shed 574.59 basis points to drop from 55,490.2 ASI reported on Wednesday to 54,915.61 ASI. 

Investment into the stock market on Thursday was N1.50 billion after investors traded 137.28 million shares in 3,489 deals.

This was in contrast to the N3.40 billion exchanged for 181.18 million shares in 3,908 deals on Wednesday.

Top five gainers 

• Chams’ share appreciated by 8.70 per cent to rise from N0.23kobo to N0.25kobo per share         
• UPL grew by N0.14kobo, up from N1.85kobo to N1.99kobo per share    
• Living Trust ended trading with N3.07 from N2.97kobo per share, rising by N0.10kobo.  
• Sterling Bank gained 2.67 per cent to end trading at N1.54kobo, having opened with N1.50kobo per share.     
• Zenith Bank’s stock was up by N0.50kobo, closing at N24.45kobo from N23.85kobo per share    

Top five losers 

• Ecobank depreciated by N1.20kobo, dwindling from N12 to N10.80kobo per share.        
• IMG also fell by N0.75kobo to end trading at N7.30kobo, after opening with N8.05 per share. 
• Royal Exchange followed the same path, losing 8.22 per cent after trading hours, to sell at N0.67kobo from N0.73kobo per share.        
• RT Briscoe reported a decline of 7.69 per cent from the previous day’s share price of N0.26kobo to end trading at N0.24kobo per share.        
• International Energy Insurance’s share depreciated to N1.21kobo from N1.30kobo, after losing 6.92 per cent during trading hours.         

Top five trading equities in the stock exchange 

• Transcorp reported 26.08 million shares valued at N33.97 million were traded on its floor          
• Zenith Bank recorded 14.72 million shares valued at N353.89 million        
• Sterling Bank saw investors trade 13.23 million of its shares valued at N20 million        
• UBA recorded 10.24 million shares exchanged on its floor, worth N81.38 million        
• Access Corp reported 7.62 million shares, valued at N66.20 million, exchanged investors’ hands