Home Market NGX: Royal Exchange, RT Briscoe among top losers as investors drop N313bn

NGX: Royal Exchange, RT Briscoe among top losers as investors drop N313bn

by Harry Choms
Nigerian Exchange Rebounds

The Nigerian capital market’s equity capitalization fell to N29.91 trillion at the close of trading on Thursday.

The figure was -1.03 percent, or N313.01 billion, lower than the capital market’s N30.22 trillion on Wednesday.

Similarly, the All-Share Index fell 574.59 basis points to close at 55,490.2, down from the previous day’s high of 54,915.61.

On Thursday, investors traded 137.28 million shares worth N1.50 billion in 3,489 transactions.

This, however, fell short of the 181.18 million shares worth N3.40 billion traded in 3,908 transactions on Wednesday.

Chams led the gainers’ list, with a share price increase of 8.70 percent, from N0.23kobo to N0.25kobo per share.

UPL’s share value was up by N0.14kobo to end trading at N1.99kobo from N1.85kobo per share.

Living Trust gained N0.10kobo to move from N2.97kobo to N3.07 per share.

Sterling Bank gained 2.67 percent to close at N1.54kobo, above its opening price of N1.50kobo per share.

Zenith Bank’s shares traded upward by N0.60kobo to rise from N23.85kobo to N24.45kobo per share.

ETI topped the losers’ table after shedding N1.20kobo to drop from N12 to N10.80kobo per share.

IMG’s share price dropped by N0.75kobo to end trading at N7.30kobo from N8.05 per share.

The Royal Exchange lost N0.67kobo to end trading at N0.67kobo per share, down from N0.73kobo.

RT Briscoe’s share price fell 7.69 percent during trading, from N0.26kobo to N0.24kobo.

International Energy Insurance’s share price fell 6.92 percent, from N1.30kobo to N1.21kobo.

Transcorp led the trading day with 26.08 million shares worth N33.97 million.

Zenith Bank exchanged 14.72 million shares valued at N353.89 million.

Sterling Bank raised N20 million by selling 13.23 million shares.

UBA came in second with 10.24 million shares worth N81.38 million, while Access Corp traded 7.62 million shares worth N66.20 million.

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