Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Stock Market Investors Earn N228.73 billion, Ecobank, Nahco Make Losers’ List

1 year ago
1 min read

The market capitalisation of the Nigerian bourse hit N29.53 trillion on Monday, 20 February 2023, rising by 1 per cent.

Trading data showed that the appreciation is worth N228.73 billion when the market capitalisation is compared to the N29.31 trillion reported last week Friday, 17 February 2023. 

The All-Share Index grew from 53,804.46 ASI to 54,224.35 ASI, as it gained 419.89 basis points. 

About 154.62 million shares, worth N5.50 billion, were traded on Monday in 3,095 deals. 

It fell below the 172.90 million shares, worth N3.76 billion, that were exchanged on Friday in 3,077 deals.

Top five gainers 

  • Conoil’s share appreciated by N3.50kobo to rise from N35.25kobo to N38.75kobo per share     
  • CWG grew by 9.88 per cent, up from N0.81kobo to N0.89kobo per share     
  • John Holt ended trading with N1.46kobo from N1.33kobo per share, rising by N0.13kobo.     
  • Living Trust gained N0.22kobo to end trading at N2.52kobo, having opened with N2.30kobo per share. 
  • Tripple Gee stock was up by N0.19kobo, closing with N2.18kobo from N1.99kobo per share  

Top five losers  

  • Capital Hotel depreciated by N0.26kobo, dwindling from N2.76kobo to N2.50kobo per share.     
  • Vitafoam also fell by N1.50kobo to end trading at N19.40kobo, after opening with N20.90kobo per share.   
  • Chams followed the same path, losing 6.90 per cent after trading hours, to sell at N0.27kobo from N0.29kobo per share.     
  • Nahco reported a decline of N0.30kobo from the previous day’s share price of N8.40kobo to end trading at N8.10kobo per share.     
  • Ecobank’s share depreciated to N12 from N12.35kobo, after losing N0.35kobo per cent during trading hours.      

Top five trading equities in the stock exchange

  • GTCO reported 36.68 million shares valued at N923.66 million were traded on its floor       
  • Zenith Bank recorded 30.27 million shares valued at N758.11 million     
  • AIICO saw investors trade 8.26 million of its shares valued at N4.95 million     
  • Mansard recorded 7.80 million shares exchanged on its floor, worth N15.60 million     
  • LivingTrust reported 6.27 million shares, valued at N13.53 million, exchanged investors’ hands


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