Investors in Conoil, Sovereign Insurance, and other entities in the Nigerian capital market lost N13.94 billion at the close of trading on Friday.
This followed the crash in market capitalization by 0.04 percent from N30.46 trillion to N30.45 trillion at the close of the day’s business on the floor of the capital market.
Similarly, the All-Share Index dipped by 25.62 basis points to close at 55,930.97, down from 55,956.59 posted by the bourse on Thursday.
Investors traded 574.73 million shares valued at N6.08 billion in 6,595 deals on Friday.
This surpassed the 531.78 million shares worth N7.68 billion traded by shareholders in 6,061 deals the previous day.
NEM led the gainers’ list with a N0.55 rise in share price, moving from N5.50 kobo to N6.05 per share.
Omatek’s share value was up by 10 percent to end trading at N0.22 kobo from N0.20 kobo per share.
Golden Breweries gained 9.88 percent to move from N0.81 kobo to N0.89 kobo per share.
Chams gained 9.52 percent to close at N0.46 kobo, above its opening price of N0.42 kobo per share.
FTN Cocoa’s share price was up by 9.41 percent, moving from N0.85 kobo to N0.93 kobo per share.
Conoil topped the losers’ table after shedding N7.95 kobo to drop from N79.90 kobo to N71.95 kobo per share.
Associated Bus Transport’s share price dropped by 9.30 percent to end trading at N0.39 kobo from N0.43 kobo per share.
Sovereign Insurance lost 9.09 percent to end trading with N0.40 kobo from N0.44 kobo per share.
Sunu Assurance’s share dropped from N0.47 kobo to N0.43 kobo per share after losing 8.51 percent during trading.
Courtville lost 8 percent to drop from N0.50 kobo to N0.46 per share.
FCMB led the day’s trading with 204.81 million shares valued at N941.95 million.
Access Corporation followed with 40.10 million shares worth N518.25 million.
Japaul Gold sold 37.84 million shares worth N17.92 million.
Fidelity Bank traded 33.21 million shares valued at N191.17 million, while FBN Holdings sold 23.81 million shares valued at N333.33 million.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: Shell’s inaccurate data raises questions around efforts to control methane emissions in Nigeria
Much worse for the environment than carbon dioxide, despite global efforts to control methane, emissions continue soaring. With over a...
FEATURE…Missing Rig Workers: Tragedy, Injustice and the Depthwize cabal
The serene landscape of Ovhor in Delta State bore witness to a disaster that shook the nation’s conscience. The capsize...
FEATURE… In the shadow of kidnappers: The story of Nigeria’s albatross
For decades, Nigeria has been grappling with a problem that has threatened the safety and stability of its people: kidnapping....
FEATURE: The falling standard of education in Nigeria today: Whose Fault?
Over the years, education has proven to be the fulcrum facilitating national development in any state. Through education, knowledge is...
INVESTIGATION: Failed multi-million naira constituency water projects litter Sokoto communities
Many rural communities in Sokoto State are at the risk of an outbreak of diarrhea and other diseases due to...