Stock Market Cap Falls, Transcorp, Zenith Bank Make Top Trade List

March 7, 2023
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

About N6.96 billion was wiped off the Nigerian stock exchange on Tuesday, 7 March 2023, as the bourse’s capitalisation closed at N30.28 trillion.

The market capitalisation depreciated by 0.02 per cent when compared to the N30.29 trillion it settled at a day before.

Join our WhatsApp Channel

The All-Share Index also closed down shedding 12.79 basis points to drop from 55,605.57 to 55,592.78 ASI. 

On the exchange floor on Tuesday, 131.05 million shares were traded in 3,763 deals, worth N1.95 billion. 

The value of shares fell below the N2.48 billion exchanged for 123.54 million shares in 4,076 deals on Monday.

Top five gainers 

  • Caverton’s share appreciated by N0.10kobo to rise from N1.04 to N1.14kobo per share        
  • UAC Nigeria grew by N0.65kobo, up from N8.55kobo to N9.20kobo per share   
  • Wapic ended trading with N0.42kobo from N0.40kobo per share, rising by 5 per cent. 
  • Mansard gained 4.50 per cent to end trading at N2.09, having opened with N2 per share.    
  • Chams’ stock was up by 3.85 per cent, closing at N0.27kobo from N0.26kobo per share   

Top five losers 

  • MRS depreciated by N3.45kobo, dwindling from N34.50kobo to N31.05kobo per share.       
  • NCR also fell by N0.32kobo to end trading at N2.92kobo, after opening with N3.24kobo per share.     
  • Multiverse followed the same path, losing N0.39kobo after trading hours, to sell at N3.57kobo from N3.96kobo per share.       
  • Veritas Kapital reported a decline of 9.09 per cent from the previous day’s share price of N0.22kobo to end trading at N0.20kobo per share.       
  • Cutix’s share depreciated to N2 from N2.20kobo, after losing N0.20kobo during trading hours.        

Top five trading equities in the stock exchange

  • Transcorp reported 114.42 million shares valued at N18.46 million were traded on its floor         
  • Zenith Bank recorded 13.26 million shares valued at N344.87 million       
  • GTCO saw investors trade 11.87 million of its shares valued at N311.01 million       
  • UBA recorded 11.14 million shares exchanged on its floor, worth N95.46 million       
  • Fidelity Bank reported 10.22 million shares, valued at N52.51 million, exchanged investors’ hands
+ posts

Featured Stories

Latest from Business

Naira and dollar exchange

Dollar Exchanges At N1,423/$1 In Official Market

At the end of trading on Wednesday, January 21, the naira depreciated by 0.21 percent, leading to the foreign exchange rate for the dollar rising to N1,423 per $1 in the Nigerian foreign exchange market (NFEM). The foreign exchange rate for the
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

RT Briscoe Tops NGX Gainers’ List, Champion Brew Among Losers

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, reached N106.44 trillion on Wednesday, January 21. According to data from the NGX, the stock market’s capitalisation jumped by N6.87 billion from the N106.43 trillion reported on Tuesday,
Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

These Three Cement Stocks Earned Investors N6.13trn In 12 months

Investing in some Nigerian cement stocks benefited Nigerians in 2025, as BUA Cement, Lafarge Africa and Dangote Cement shareholders recorded two-digit growth in their investments, according to Prime Business Africa’s analysis. Between January and December, individuals and institutions that held shares of
Labour Party Dissolves Rivers State Executive Council
Previous Story

Labour Party Dissolves Rivers State Executive Council

Endless Possibilities For Next Generation Of Social Media Features
Next Story

Endless Possibilities For Next Generation Of Social Media Features

Don't Miss

Waltersmith Modular Refinery jpg

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

NNPCL has revealed that it is on track to complete 

How the IMF RST and Innovative Climate Finance Can Serve Africa

By Ali Mansoor and Awa Mbaye LAGOS, Nigeria, 20 July