Stock Market Closes Negative, Equity Investors Lose N98.52 billion

On Friday, the market capitalisation of the Nigerian bourse depreciated from N29.64 trillion to N29.54 trillion, losing N98.52 billion.

The All-Share Index fell slightly to 54,232.34 ASI, after losing 180.87 basis points from the previous day’s 54,413.21 ASI.

Investors exchanged 557.93 million shares in 3,943 deals worth N3.68 billion on Friday.

It contrasted with the 973.64 million shares traded in 3,718 deals on Thursday, worth N4.22 billion.

Top five gainers

Lasaco share appreciated by N0.10kobo to rise from N1 to N1.10kobo per share
Ikeja Hotel grew by N0.11kobo, up from N1.11kobo to N1.22kobo per share
Consolidated Hallmark Insurance ended trading with N0.68kobo from N0.62kobo per share, rising by 9.68 per cent.
UAC Nigeria gained N0.80kono to end trading at N9.55kobo, having opened with N8.75kobo per share.
NNFM’s stock was up by N0.95kobo, closing at N11.95kobo from N11 per share

Top five losers

CWG depreciated by 9.38 per cent, dwindling from N0.96kobo to N0.87kobo per share.
Caverton also fell by N0.10kobo to end trading at N0.97kobo, after opening with N1.07 per share.
Transcorp followed the same path losing N0.11kobo after trading hours, to sell at N1.39kobo from N1.50kobo per share.
United Capital reported a decline of N0.40kobo from the previous day’s share price of N11.60kobo to end trading at N11.20kobo per share.
Cutix’s share depreciated to N2.24kobo from N2.30kobo, after losing 2.61 per cent during trading hours.

Top five trading equities in the stock exchange

Transcorp reported 287.68 million shares valued at N395.36 million were traded on its floor
Fidelity Bank recorded 86.39 million shares valued at N450.90 million
UBA saw investors trade 38.99 million of its shares valued at N328.60 million
NGX Group recorded 25.39 million shares exchanged on its floor, worth N685.06 million
Oando reported 21.80 million shares, valued at N123.73 million, exchanged investors’ hands.