Over N12.62 billion Loss Recorded By Nigerian Stock Investors Due To Share Dump In Cadbury, Others

The stock exchange recorded losses amounting to N12.62 billion, after the market capitalisation nosedive by -0.04 percent on Wednesday.

This led to the market capitalisation closing down at N26.65 trillion, from N26.67 trillion reported a day before.

The All-Share Index also headed downward to 49,421.91 ASI, shedding 23.4 basis points from Tuesday’s 49,445.31 ASI.

Investment into Nigerian bourse fell to 51.87 million shares, traded in 2,981 deals, worth N590 million, on Wednesday.

This is below the 147.58 million shares, exchanged in 3,323 deals the previous day, and valued for N2.39 billion.

Top five gainers

• Unity Bank share appreciated by 10 percent to rise from N0.40kobo to N0.44kobo per.
• Multiverse stock grew N0.28kobo, up from N2.85kobo to N3.13kobo per share.
• Fidelity Bank ended trading with N3.67kobo from N3.48kobo per share, rising by N0.19kobo.
• Honeywell Flour gained 3.98 percent to end trading at N2.35kobo, having opened with N2.26kobo.
• Chams’ stock was up by 3.46 percent, closing with N0.30kobo from N0.29kobo per share.

Top five losers

• Academy depreciated by No.18kobo, dwindling from N1.84kobo to N1.66kobo per share.
• NEM also fell by N0.34kobo to end trading at N5.25kobo, after opening with N5.59kobo per share.
• Cadbury followed the same path, losing N0.75kobo after trading hours, to sell at N13.75kobo from N13 per share.
• Jaiz Bank reported a decline of 4.76 percent from previous day’s share price of N0.84kobo to end trading at N0.80kobo per share.
• NGX Group share depreciated to N18.55kobo from N19.40kobo, after losing N0.85kobo during trading hours.

Top five trading equities in stock exchange

• Zenith Bank reported 6.30 million shares valued at N125.53 million were traded on its floor.
• GTCO recorded 4.98 million shares valued at N94.91 million.
• Sterling Bank saw investors trade 4.85 million of its shares valued at N7.28 million.
• Fidelity Bank recorded 3.84 million shares exchanged on its floor, worth N13.62 million.
• Transcorp reported 2.95 million shares valued at N3.10 million exchanged investors’ hands.

Fakoyejo Olalekan

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