Sell-off In UAC Nigeria, Vitafoam, Others Wipe Off N19.11 billion in Nigerian Stock Market

Written by Fakoyejo Olalekan

Nigerian stock exchange dip -0.07%, causing the equity capitalisation to lose N19.11 billion, as it depreciated to N26.72 trillion from N26.74 trillion on Thursday, amid sell-off in Vitafoam and UAC Nigeria.

This was on the back of the All-Share Index shedding 35.45 basis, to decline from 49,575.93 ASI to 49,540.48.

Join our WhatsApp Channel

As trading closed, investors traded about 167.60 million shares worth N1.26 billion in 3,458 deals, which is in contrast to the 197.45 million shares exchanged in 3,462 deals on Wednesday, worth N2.94 billion.

Top five gainers

Sovereign Insurance share appreciated by 3.85 percent to rise from N0.26kobo to N0.27kobo per.
Cadbury stock grew N0.35kobo, up from N13 to N13.35kobo per share.
Courtville ended trading with N0.49kobo from N0.48kobo per share, rising by 2.08 percent.
Zenith Bank gained N0.15kobo to end trading at N19.65kobo, having opened with N19.50kobo.
UBA stock was up by 0.68 percent, closing with N7.45kobo from N7.40kobo per share.

Top five losers led by Vitafoam and UAC

UAC Nigeria depreciated by N0.75kobo, dwindling from N11 to N10.25kobo per share.
Vitafoam also fell by N1.25kobo to end trading at N20, after opening with N21.25kobo per share.
UPDC REIT followed the same path, losing N0.20kobo after trading hours, to sell at N3.20kobo from N3.40kobo per share.
UPDC reported a decline of 5 percent from previous day’s share price of N1 to end trading at N0.95kobo per share.
Consolidated Hallmark Insurance share depreciated to N0.59kobo from N0.62kobo, after losing 4.84 percent during trading hours.

Top five trading equities in stock exchange

Courtville reported 38.81 million shares valued at N18.24 million were traded on its floor.
Access Corp recorded 28.47 million shares valued at N249.36 million.
Fidelity Bank saw investors trade 10.81 million of its shares valued at N36.90 million.
Transcorp recorded 10.68 million shares exchanged on its floor, worth N11.26 million.
Consolidated Hallmark Insurance reported 9.22 million shares valued at N5.29 million exchanged investors’ hands.

Fakoyejo Olalekan

+ posts

Latest from Business News

Tata Sons Board Backs Chandrasekaran for Fresh Term Amid Noel Tata Opposition

Written by Amanze Chinonye Tata Sons’ board has approved a fresh five-year term for Executive Chairman N. Chandrasekaran, reversing his decision not to seek another term and setting up a dispute with Tata Trusts Chairman Noel Tata over the leadership of the conglomerate’s

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Zimbabwe Seeks $115 Million Afreximbank Loan to Revive State Railway

Written by Amanze Chinonye Zimbabwe’s state-owned railway operator is negotiating a $115 million financing facility with the African Export-Import Bank (Afreximbank) to acquire locomotives and wagons and rehabilitate parts of its ageing rail network, officials said. The National Railways of Zimbabwe (NRZ) is

U.S. Expands 50% Tariffs on Canadian Goods, Escalating Trade Dispute

Written by Amanze Chinonye The United States has expanded its 50% tariffs on Canadian imports to cover a broader range of consumer and industrial goods, including certain cheeses, motorboats, furniture, mattresses and selected aluminum and steel products, escalating a trade dispute between the

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Written by Prime Business Africa Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been named as an authorised financial institution through which eligible investors can subscribe to acquire shares of the highly anticipated Initial Public Offering (IPO) of Dangote Petroleum Refinery

Nigeria Now Leading Cement Exporter In Africa – Dangote

Dangote Refinery Opens Africa’s Biggest IPO as Jet-Fuel Exports Surge

Written by Amanze Chinonye Dangote Petroleum Refinery and Petrochemicals opened its initial public offering on Monday, seeking to raise about 2.15 trillion naira ($1.6 billion) as the Nigerian refinery moves to expand production and broaden public ownership, Prime Business Africa reports. Join our

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.