Fakoyejo Olalekan
Nigerian bourse recorded sluggish growth on Wednesday, 12 April 2023, closing with N28.30 trillion market capitalisation, as shareholders in NGX Group and Royal Exchange, amongst others saw a decline in their investment value.
The All-Share Index shed 0.42 basis points to rise slightly from 51,952.99 ASI to 51,953.41 ASI.
Join our WhatsApp ChannelOver 255.16 million shares were traded in 3,890 deals worth N1.78 billion on Wednesday, against the 1.72 billion shares, worth N4.78 billion, that were traded in 4,286 deals on Tuesday.
Top five gainers
- Skyway Aviation share appreciated by N0.50kobo to rise from N5 to N5.50kobo per share.
- Associated Bus Company grew by 9.68 per cent, up from N0.31kobo to N0.34kobo per share.
- Berger ended trading with N7.60kobo from N7 per share, rising by N0.60kobo.
- International Breweries gained N0.30kobo to end trading at N4.35kobo, having opened with N4.05 per share.
- Multiverse’s stock was up by N0.10kobo, closing at N2.50kobo from N2.40kobo per share.
Top five losers
- Royal Exchange depreciated by 10 per cent, dwindling from N0.60kobo to N0.54kobo per share.
- Champion also fell by N0.13kobo to end trading at N1.19kobo, after opening with N1.32kobo per share.
- CWG followed the same path losing 7.53 per cent after trading hours, to sell at N0.86kobo from N0.93kobo per share.
- Mutual Benefit reported a decline of 5.88 per cent from the previous day’s share price of N0.34kobo to end trading at N0.32kobo per share.
- NGX Group’s share depreciated to N24.90kobo from N26, after losing N1.10kobo during trading hours.
Top five trading equities in the stock exchange
- Transcorp reported 117.52 million shares, valued at N163.05 million, were traded on its floor.
- Fidelity Bank recorded 38.03 million shares valued at N200.38 million.
- UBA saw investors trade 19.81 million of its shares valued at N169.19 million.
- Zenith Bank recorded 11.38 million shares exchanged on its floor, worth N290.03 million.
- Royal Exchange reported 5.93 million shares, valued at N3.26 million, exchanged investors’ hands.
