Sell-Off in Wema Bank, Chams, Others Cost Stock Investors N35.66 billion

Stock Market Investors Gain N83.50 billion, As Demand For Geregu, Wapic, Others Grow

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The market capitalisation closed at N28.73 trillion on Thursday, 26 January 2023, after the Nigerian bourse rose by 0.29 per cent or N83.50 billion from N28.64 trillion.

The growth was driven by the 153.31 basis points gained by the All-Share Index which appreciated from 52,599.65 ASI to 52,752.96 ASI.

Investors on the exchange floor parted with N2.02 billion to trade 139.68 million shares in 3,549 deals. This contrasted with the N2.68 billion that was exchanged for 119.84 million shares in 3,552 on Wednesday. 

Top five gainers 

  • Geregu share appreciated by N13.40kobo to rise from N134 to N147.40kobo per share 
  • Wapic grew by 9.76 per cent, up from N0.41kobo to N0.45kobo per share 
  • Chellarams ended trading with N1.81kobo from N1.65kobo per share, rising by N0.16kobo. 
  • International Energy Insurance gained 9.43 per cent to end trading at N0.58kobo, having opened with N0.53kobo per share. 
  • Tripple Gee stock was up by 9.09 per cent, closing with N0.96kobo from N0.88kobo per share 
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Top five losers 

  • RTBriscoe depreciated by 9.09 per cent, dwindling from N0.33kobo to N0.30kobo per share. 
  • Royal Exchange also fell by 8.24 per cent to end trading at N0.78kobo, after opening with N0.85kobo per share. 
  • Courtville followed the same path, losing 7.84 per cent after trading hours, to sell at N0.47kobo from N0.51kobo per share.   
  • Linkage Assurance reported a decline of 4 per cent from the previous day’s share price of N0.50kobo to end trading at N0.48kobo per share.  
  • Transcorp share depreciated to N1.21kobo from N1.22kobo, after losing 0.82 per cent during trading hours. 

Top five trading equities in stock exchange 

  • GTCO reported 17.79 million shares valued at N433.17 million were traded on its floor   
  • Access Corp recorded 15.37 million shares valued at N141.38 million  
  • Fidelity Bank saw investors trade 11.90 million of its shares valued at N64.89 million 
  • Mutual Benefit recorded 6.85 million shares exchanged on its floor, worth N2.39 million  
  • Dangote Sugar reported 6.69 million shares valued at N113.06 million exchanged investors’ hands
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