N79bn Lost As Stock Investors Dump Ellah Lakes, John Holt, Others

August 1, 2023
Stock Exchange
Stock Exchange

The stock market capitalisation shed N79.08 billion after trading hours on Tuesday, which resulted in the bourse depreciating by 0.22 per cent.

Consequently, the Nigerian bourse’s market capitalisation fell to N35.01 trillion, from N34.93 trillion reported on Monday. 

Join our WhatsApp Channel

The All-Share Index dipped by 145.32 basis points, to close at 64,192.2, below the preceding day’s 64,337.52 ASI.

Over 762.09 million shares, valued at N7.71 billion, were exchanged in 7,935 deals. The volume of shares traded was higher than the previous day’s 673.42 million shares, exchanged in 9,788 deals, valued at N6.47 billion. 

Top five gainers 

  • Dangote Sugar’s share appreciated by N2.70 kobo to rise from N27 to N29.70 kobo per share.    
  • Abbey grew by N0.10 kobo, up from N1 to N1.10 kobo per share.    
  • Chellaram ended trading with N2.56 kobo from N2.33 kobo per share, rising by N0.23 kobo.    
  • Tantalizer gained 9.68 per cent to end trading at N0.34 kobo, having opened with N0.31 kobo per share.     
  • Sunu Assurance’s stock was up by 9.09 per cent, closing at N0.72 kobo from N0.66 kobo per share.    

Top five losers 

  • John Holt depreciated by N0.20 kobo, dwindling from N2 to N1.80 kobo per share.      
  • Ellah Lakes declined by N0.39 kobo to end trading at N3.54 kobo, after opening at N3.93 kobo per share.      
  • Fidelity Bank followed the same path, losing N0.85 kobo after trading hours, to sell at N7.75 kobo from N8.60 kobo per share.      
  • Japaul Gold reported a decline of N0.10 kobo from the previous day’s share price of N1.03 to end trading at N0.93 kobo per share.      
  • Sovereign Insurance’s share depreciated to N0.57 kobo from N0.63 kobo, after losing 9.52 per cent during trading hours. 

Top five trading equities in the stock exchange 

  • AIICO reported 314.64 million shares, valued at N220.21 million, were traded on its floor.      
  • UBA recorded 54.49 million shares valued at N742.99 million.    
  • Mansard saw investors trade 48.83 million shares valued at N197.99 million.    
  • ETI recorded 41.87 million shares exchanged on its floor, worth N640.26 million.    
  • FCMB reported 28.55 million shares, valued at N175.71 million, exchanged investors’ hands.
+ posts

Featured Stories

Latest from Business

Tony Elumelu: Personal Branding As Corporate Strategy

Tony Elumelu: Personal Branding As Corporate Strategy By Tony Onyima, Ph.D.Join our WhatsApp Channel There are four things I love about Mr Tony Elumelu, the Chairman of Heirs Holdings and the United Bank for Africa (UBA). His passion, confidence, energy, and discipline.

CBN Revokes Licences of Aso Savings, Union Homes

The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, two primary mortgage banks in Nigeria. The revocation, announced on Tuesday, December 16, 2025, through a statement
NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

NGX Extends Gains As Market Cap Increases By N13.53bn

The market capitalisation of the Nigerian Exchange Limited, also known as the stock market, closed at N95.28 trillion on Tuesday, December 16. According to data provided by the NGX, the market capitalisation grew by N13.53 billion from the N95.26 billion posted on
Neimeth Suffers N2bn FX Loss, Records 50% Decline In Loss After Tax

Neimeth Generates N3.09bn From Drug Sales In Nine Months

Neimeth International Pharmaceuticals Plc generated N5 billion in the first nine months of 2025, surpassing the N3.09 billion turnover recorded in the corresponding period in 2024, representing a 62 percent growth. The drug maker, in its financial statements for the period ended
Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge
Previous Story

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Next Story

BREAKING: Helicopter Crashes At Oba Akran Avenue, Ikeja

Don't Miss

Man City beat Plymouth to hit FA Cup quarters

Pep Guardiola blasts FA Cup Ball Despite Victory over Plymouth Argyle

Manchester City manager, Pep Guardiola, has taken a swipe at
EXCLUSIVE: N516m Unpaid Allowances Worry APC, 3 Months After Primary Elections

2023: We’re For Nigerian Project, Not Sectional Agenda – Shettima

In a bid to counter the criticisms of the All