Nigerian stock market capitalisation crash by -0.05 percent, falls to N26.61tr

THE Nigerian stock market capitalisation closed at N26.61 trillion, after the stock exchange depreciated by -0.05 percent on Monday, losing N13.99 billion from the previous trading day’s N26.62 trillion.

The crash was on the back of the All Share Index (ASI) losing 25.95 basis points from Friday, August 19, 49,370.62 ASI, to close at 49,344.67 on Monday.

Also, the value of trades fell to N1.30 billion, as investors transacted 122.73 million shares in 3,915 deals, as against the 132.23 million shares exchanged in 3,045 deals worth N1.62 billion on Friday, August 19.

Top five gainers for the day includes, Courtville, which share appreciated by 9.09 percent to rise from N0.44kobo to N0.48kobo per share. Honeywell Flour stock appreciated by N0.21kobo from N2.42kobo to close at N2.63kobo per share.

Also, Mutual Benefit ended trading with N0.27kobo from N0.25kobo per share, rising by eight percent. NEM Insurance gained N0.18kobo to end trading at N4, having opened with N3.82kobo. Champion Breweries stock was up by N0.11kobo, closing with N3.90kobo, from N3.79kobo per share.

Meanwhile it was a bad trading day for these top five losers. FTN Cocoa depreciated by 9.09 percent, dwindling from N0.33kobo to N0.30kobo per share. 

 LASACO also fell by 8.65 percent to end trading at N0.95kobo, after opening with N1.04 per share. Wapic followed the same path, losing 7.32 percent after trading the day’s to sell at N0.38kobo from N0.41kobo per share.

 ETI reported a decline of N0.60kobo from previous trading day’s share price of N10.60kobo to end trading at N10 per share. NGX Group share fell to N19.60kobo from N20.55kobo, after losing N0.95kobo during trading hours.

 The top five trading equities of the day were, 

Mutual Benefit, which reported 18.42 million shares valued at N4.97 million traded on its floor. Transcorp recorded 9.23 million shares valued at N9.71 million.

 GTCO saw investors trade 8.57 million of its shares valued at N173.74 million, just as Sterling Bank recorded 7.93 million shares exchanged on its floor, worth N11.90 million. Access Bank reported 7.86 million valued at N65.41 million, exchanged investors hands.

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