Connect with us


NGX: Investors lose N124.9bn to sell-off in BUA Cement, Guinness



The equity capitalization in the Nigerian capital market crashed to N26.53 trillion at the close of trading on Thursday.

The figure was N124.90 billion less than the N26.55 trillion posted by the bourse on Wednesday.

Also, the All-Share Index dropped by 231.57 basis points to close with 49,190.34, down from 49,421.91 reported the previous day.

Investors raised their investment to 126.84 million shares valued at N1.78 billion in 3,117 deals on Thursday.

This was in contrast to the 51.87 million shares worth N590 million which exchanged hands in 2,981 deals on Wednesday.

TransExpress led the gainers’ list with an 8.70 percent rise in share price to move from N0.69kobo to N0.75kobo per share.

NEM gained N0.14kobo to move from N5.25kobo to N5.39kobo per share.

Cutix’s share value was up by 2.50 percent to end trading with N2.05 from N2 per share.

Academy gained 2.41 percent to close at N1.70kobo, above its opening price of N1.66kobo per share.

READ ALSO: Investors lose N18.8bn as Nigeria’s capital market slumps by -0.07%

International Breweries’ share traded upward by N0.10kobo to rise from N4.95kobo to N5.05 per share.

Cornerstone topped the losers’ table after shedding 10 percent to drop from N0.60kobo to N0.54kobo per share.

Multiverse’s share price dropped by N0.31kobo to end trading at N2.82kobo from N3.13kobo per share.

Cadbury lost N1.25kobo to end trading with N11.75kobo from N13 per share.

BUA Cement lost N3.30kobo to drop from N50.10kobo to N53.40kobo per share.

Guinness share dropped from N4.90kobo to N83 per share after losing N87.90kobo during trading.

NGX Group led the day’s trading with 30.75 million shares valued at N553.54 million.

Zenith Bank sold 24.39 million shares worth N488 million.

Fidelity Bank followed with 13.83 million shares valued at N50.65 million.

FBN Holdings traded 11.03 million shares worth N110.81 million, while Access Corporation traded 8.22 million valued at N68.21 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.

Donate Now