Nigerian Stock Market Loses Over N30 billion, As May & Baker, Unilever, Others Fall

Market capitalisation of the Nigerian bourse lost N30 billion on Tuesday, from the N26.54 trillion recorded on Monday, dwindling to N26.51 trillion.

The loss was reflected in the All-Share Index that fell to 49,161.45 ASI from 49,218.35 ASI, losing 56.9 basis points. 

At the end of trading, investors parted with N2.36 billion on Tuesday to trade 206.20 million shares in 3,777 deals. 

Top five gainers

• NGX Group share appreciated by N1.80kobo to rise from N18 to N19.80kobo per share.
• Multiverse stock grew N0.31kobo, up from N3.10kobo to N3.41kobo per share.
• Eterna ended trading with N6.32kobo from N5.75kobo per share, rising by N0.57kobo.
• Courtville gained 8.89 percent to end trading at N0.49kobo, having opened with N0.45kobo.
• Champion’s stock was up by N0.29kobo, closing with N3.69kobo from N3.40kobo per share.

Top five losers

• May & Baker depreciated by N0.38kobo, dwindling from N3.88kobo to N3.50kobo per share.
• Regal Insurance also fell by 7.69 percent to end trading at N0.24kobo, after opening with N0.26kobo per share.
• Vitafoam followed the same path, losing N1.50kobo after trading hours, to sell at N20 from N21.50kobo per share.
• Unilever reported a decline of N0.70kobo from previous day’s share price of N13 to end trading at N12.30kobo per share.
• GlaxoSmith share depreciated to N5.60kobo from N5.90kobo, after losing N0.30kobo during trading hours.

Top five trading equities in stock exchange

• Transcorp reported 38.46 million shares valued at N38.98 million were traded on its floor.
• Zenith Bank recorded 35.27 million shares valued at N710.83 million.
• FCMB saw investors trade 30.18 million of its shares valued at N105.60 million.
• Vitafoam recorded 18.12 million shares exchanged on its floor, worth N362.76 million.
• Linkage Assurance reported 8.88 million shares valued at N4.17 million exchanged investors’ hands.