Stock Market Nets N584bn, GTCO Top Gainers’ List, Academy Leads Losers

July 21, 2023
Nigerian Stock Exchange 1 660x400 1
Nigerian Stock Exchange 1 660x400 1

Nigerian stock market capitalisation appreciated on Friday to N35.39 trillion. The bourse’s valuation rose by N584.08 billion from N34.81 trillion reported on Thursday.

The All-Share Index gained 1,072.67 basis points to settle at 65,003.39 ASI, above the previous day’s 63,930.72 ASI.

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About 770.79 million shares were traded in 8,915 deals, valued at N14.26 billion.

The day before, 1.35 billion shares were exchanged in 7,179 deals, worth N18.06 billion.

Top five gainers 

  • GTCO’s share appreciated by N3.50 kobo to rise from N35 to N38.50 kobo per share.   
  • Stanbic IBTC grew by N0.18 kobo, up from N57 to N62.70 kobo per share.   
  • Jaiz Bank ended trading with N1.98 kobo from N1.80 kobo per share, rising by N0.18 kobo.   
  • Sterling Financials gained N0.36 kobo to end trading at N3.96 kobo, having opened with N3.60 kobo per share.    
  • Unity Bank’s stock was up by N0.15 kobo, closing at N1.65 kobo from N1.50 kobo per share.   

Top five losers 

  • Academy depreciated by N0.24 kobo, dwindling from N2.43 kobo to N2.19 kobo per share.     
  • Abbey also declined by N0.12 kobo to end trading at N1.12 kobo, after opening at N1.24 kobo per share.     
  • Cornerstone followed the same path, losing N0.10 kobo after trading hours, to sell at N0.96 kobo from N1.06 kobo per share.     
  • NSLTECH reported a decline of 8.82 per cent from the previous day’s share price of N0.34 to end trading at N0.34 kobo per share.     
  • Guinness’ share depreciated to N73 from N80, after losing N7 during trading hours.   

Top five trading equities in the stock exchange 

  • UBA reported 111.20 million shares, valued at N1.64 billion, were traded on its floor.     
  • Access Corporation recorded 88.03 million shares valued at N1.64 billion.   
  • Zenith Bank saw investors trade 73.35 million shares valued at N2.58 billion.   
  • GTCO recorded 65.33 million shares exchanged on its floor, worth N2.48 billion.   
  • Fidelity Bank reported 57.09 million shares, valued at N445.53 million, exchanged investors’ hands.
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