Nigeria's Stock Market Value Drops By N557bn

The value of the Nigerian stock market contracted to N105.88 trillion on Thursday, January 22, from the N106.44 trillion recorded on Wednesday, January 21.

According to data obtained from the Nigerian Exchange (NGX), the stock market’s valuation declined by N557.10 billion after the all-share index (ASI) lost 870.23 basis points.

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The index had contracted from 166,267.6 ASI to 165,397.37 ASI.

Trading closed on Thursday with 768.25 million shares traded in 46,481 deals, valued at N21.18 billion, compared to the 822.73 million shares, worth N24.93 billion, exchanged in 43,548 deals the day before.

Top five gainers

Infinity Trust Mortgage Bank’s share price increased by N0.70 kobo to rise from N7 to N7.70 kobo per share.
UHOM REIT’s share value grew by N5.90 kobo, from N59 to N64.90 kobo per share.
John Holt ended trading at N7.70 kobo per share, from N6.30 kobo per share – indicating an increase of N0.70 kobo.
NCR gained N17.10 kobo to end trading at N188.15 kobo, having opened with N171.05.
FGSUK2033S6 share value was up by N9.99 kobo, after closing at N110 from N100 per share.

Top five losers

Omatek’s share price depreciated by N0.22 kobo, dwindling from N2.34 kobo to N2.12 kobo per share.
International Insurance Energy recorded a N0.20 kobo decline in its share price to end trading at N3.10 kobo after opening with N3.30 kobo per share.
International Breweries lost N0.90 kobo in its share price after trading hours, to sell at N14.10 kobo from N15 per share.
NEM Insurance recorded a N1.90 kobo decline in its share price to end trading at N32 after opening with N33.90 kobo per share.
Lafarge Africa reported a decline of N8 from the previous day’s share price of N158 to end trading at N150 per share.

Top five trading equities

Access Holdings reported that 54.27 million shares valued at N1.22 billion were traded on its floor.
Deap Capital recorded 51.15 million shares valued at N299.54 million.
Tantalizer saw investors trade 41.86 million of its shares valued at N169.50 million.
Omatek recorded 33.52 million shares exchanged on its floor, worth N77.90 million.
Japaul Gold reported that traders exchanged 31.49 million shares valued at N80.08 million.

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