Winners and losers as equities market slumps by N66bn Wednesday

The equities market of the Nigeria Exchange Limited (NGX) opened for trading at N28.208 trillion Wednesday, but closed at N28.142 trillion, thereby losing N66 billion (at 0.23 per cent.)

In the same vein, the NGX All-Share Index which was at 52,308.88 basis points at the beginning of trading ended at 52,186.52 basis points, signalling a depreciation of 0.23 per cent.

There were 12 gainer-companies and 22 losers.

The winners:

Computer Wharehouse Group (CWG) and Multiverse Mining and Exploration led gainers’ chat, closing with 9.88 per cent each to close at 89k and N1.78 respectively.

Academy Press followed with a growth of 9.68 per cent to close at N2.04.

The Initiates Plc (TIP) and RTBriscoe increased by 9.09 per cent each to close at 48k per share, respectively.

However, leading the loser’s chart, NAHCO closed at N5.40. This was followed by FTNCocoa, which depreciated by 8.57 per cent to close at 32k.

Also, Nigerian Breweries declined by 6.13 per cent to close at N49.75 as Consolidated Hallmark Insurance dropped by 5.17 per cent to close at 66k. Oando shed 5.50 per cent to close at N5.15.

Activities

In terms of activity levels, investors exchanged 238 million units of shares worth N3.336 billion in 3,814 deals.

Living Trust Mortgage Bank was the most actively traded 40.91 million units of shares worth N49.09 million, followed by Nigerian Breweries that traded 30.38 million units of shares worth  N1.51 billion.

United Bank for Africa (UBA) sold  40.91 million units of shares worth N49.09 million, while Accesscorp  traded 21.90 million units of shares worth  N199.09 million.

Also, FBN Holdings sold 17.86 million units of shares amounting to N196.63 million.

(NAN)