Nigerian Bourse Down By N5.16bn Amid Losses In Geregu, Prestige, Others

July 19, 2023
NSE stock market report
NSE stock market report

On Wednesday, about N5.16 billion was lost by investors holding Geregu, Prestige, and other shares on the losers’ table, pushing the Nigerian market capitalisation down to N34.71 trillion.

The loss represents a 0.01 per cent decline in the Nigerian bourse’s valuation, which was N34.72 trillion on Tuesday, according to a report obtained from the Nigerian Exchange Limited (NGX). 

Join our WhatsApp Channel

Likewise, the All-Share Index dipped by 9.49 basis points to end trading at 63,757.23 ASI, below the preceding day’s 63,766.72 ASI.

On the trading floor, about 473.49 million shares were exchanged in 7,403 deals, valued at N10.08 billion, contrasting the 868.80 million shares, worth N42.80 billion, traded in 8,970 deals on Tuesday. 

Top five gainers 

  • Honeywell Flour’s share appreciated by N0.33 kobo to rise from N3.30 kobo to N3.63 kobo per share.   
  • Eterna grew by N2.60 kobo, up from N26.05 to N28.65 kobo per share.   
  • Academy ended trading with N2.21 kobo from N2.01 per share, rising by N0.20 kobo.   
  • Skyway Aviation gained N1.45 kobo to end trading at N16.20 kobo, having opened with N14.75 kobo per share.    
  • RT Briscoe’s stock was up by 9.80 per cent, closing at N0.56 kobo from N0.51 kobo per share.   

Top five losers 

  • Prestige depreciated by 10 per cent, dwindling from N0.50 kobo to N0.45 kobo per share.     
  • Geregu also declined by N35 to end trading at N315, after opening at N350 per share.     
  • FTN Cocoa followed the same path, losing 9.61 per cent after trading hours, to sell at N2.07 from N2.29 kobo per share.     
  • Linkage Assurance reported a decline of 9.09 per cent from the previous day’s share price of N0.77 kobo to end trading at N0.70 kobo per share.     
  • Jaiz Bank’s share depreciated to N1.71 kobo from N1.88 kobo, after losing N0.17 kobo during trading hours.   

Top five trading equities in the stock exchange 

  • Japaul Gold reported 77.98 million shares, valued at N64.58 million, were traded on its floor.     
  • FCMB recorded 36.62 million shares valued at N221.83 million.   
  • Sterling Bank saw investors trade 31.23 million shares valued at N109.04 million.   
  • Dangote Sugar recorded 30.70 million shares exchanged on its floor, worth N845.90 million.   
  • Fidelity Bank reported 22.28 million shares, valued at N160.85 million, exchanged investors’ hands.
+ posts

Featured Stories

Latest from Business News

China, Botswana Forge Strategic Pact to Expand Mineral Trade, Investment

Written by Amanze Chinonye China and Botswana have elevated their relations to a comprehensive strategic cooperative partnership, pledging to expand cooperation in mining, trade, investment and security, with a focus on improving access for Botswana’s diamonds and agricultural products to the Chinese market,

Angola’s Sonangol Presses Ahead with IPO Preparations Despite Delay

Written by Amanze Chinonye Angola’s state-owned oil company Sonangol is continuing preparations for a planned initial public offering (IPO), with internal work focused on ensuring the sale delivers value to prospective shareholders, Executive Board Member Osvaldo Inácio said. Join our WhatsApp Channel The

AEW Opens in Cape Town as Africa Seeks Investment for Energy Projects

Written by Amanze Chinonye African Energy Week (AEW) 2026 opened in Cape Town on Monday, bringing together government officials, energy companies, investors and project developers to explore opportunities for financing and developing Africa’s energy resources. Join our WhatsApp Channel More than 10,000 delegates

Kenya’s Debt Burden Raises Questions Over IMF Lending Conditions

Written by Amanze Chinonye Kenya’s mounting debt repayments are intensifying debate over the impact of International Monetary Fund (IMF) lending conditions, including tax increases and spending cuts, as the government faces a major refinancing challenge ahead of the August 2027 general election, Prime
Supreme Court Judgment On LG Autonomy Not A Silver Bullet To Nigeria's Problems – Makinde
Previous Story

Oyo, Kano, Kwara, Osun Declare Work-Free Day To Mark Islamic New Year

Prince Harry, Meghan Markle Temporarily Separated
Next Story

Prince Harry, Meghan Markle Temporarily Separated

Don't Miss

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 4th September 2024

What is the Dollar to Naira Exchange rate at the
Singapore Unveils $7.5 Million International Film And TV Fund

Singapore Unveils $7.5 Million International Film And TV Fund

To encourage travel to Singapore through TV series and films,