Dangote Cement Investors, Others Lose N341.09 billion In Stock Market

Stock Market Investors Gain N88.04 billion, As Equity Cap Rises By 0.29%

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Nigerian bourse appreciated by 0.29 per cent or N88.04 billion on Thursday, 2 March 2023, as the market capitalisation closed with N30.32 trillion, above the N30.23 trillion recorded a day before.

Stock market data disclosed the All-Share Index closed with 55,670.24 ASI, rising by 161.63 basis points from 55,508.61 ASI.

The exchange floor recorded 206.11 million shares exchanged in 4,385 deals, worth N3.25 billion, on Thursday.

Investment fell short of the 565.82 million shares traded on Wednesday in 4,340 deals, worth N6.57 billion. 

Top five gainers 

  • Sunu Assurance share appreciated by 10 per cent to rise from N0.40kobo to N0.44kobo per share      
  • Dangote Sugar grew by N1.75kobo, up from N17.60kobo to N19.35kobo per share 
  • McNichols ended trading with N0.79kobo from N0.72kobo per share, rising by 9.72 per cent.      
  • Geregu gained N26.90kobo to end trading at N325, having opened with N298.10kobo per share.  
  • NASCON stock was up by N1, closing with N12.20kobo from N11.20kobo per share 
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Top five losers 

  • Sovereign Insurance depreciated by 10 per cent, dwindling from N0.30kobo to N0.27kobo per share.     
  • Academy also fell by N0.12kobo to end trading at N1.16kobo, after opening with N1.28kobo per share.   
  • Transcorp followed the same path, losing N0.11kobo after trading hours, to sell at N1.27kobo from N1.38kobo per share.     
  • Chams reported a decline of 7.14 per cent from the previous day’s share price of N0.28kobo to end trading at N0.26kobo per share.     
  • NGX Group’s share depreciated to N27.10kobo from N29, after losing N1.90kobo during trading hours.      

Top five trading equities in the stock exchange 

  • Transcorp reported 29.74 million shares valued at N39.14 million were traded on its floor       
  • Access Corp recorded 18.64 million shares valued at N172.31 million     
  • UAC Nigeria saw investors trade 14.02 million of its shares valued at N118.34 million     
  • GTCO recorded 13.05 million shares exchanged on its floor, worth N348.62 million     
  • Zenith Bank reported 9.27 million shares, valued at N244.60 million, exchanged investors’ hands
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