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Friday, March 1, 2024

Nigerian capital market, Cornerstone is the top gainer  

Following a 0.01% drop in equity capitalization at the end of eight hours of trading on Monday, investors in the Nigerian capital market lost N$3.23 billion.  

The stock capitalization fell from 25.475 trillion on Friday to 25.471 trillion on Monday.  

The All-Share Index dropped 6.0 basis points to 47,262.61, down from 47,268.61 the previous week.  

On Monday, investors in Nigeria’s stock market traded 291.88 million shares worth 2.855 billion in 4,792 transactions.   

Last week, 179.32 million shares worth $2.12 changed hands in 5,620 transactions, surpassing the previous week’s total of 179.32 million shares worth $2.12.  

Cornerstone led the gainers’ list, with its share price rising 9.38% to 0.70kobo per share, up from 0.64kobo per share.  

Wapic’s stock price increased by 8.70%, rising from 0.466kobo to 0.50kobo per share.  

FTN Cocoa’s stock increased by 8.33%, from 0.36 to 0.39 kobo per share.  

Honeywell Flour’s stock rose 0.19kobo to 3.89kobo per share, up from 3.70kobo before.  

Mutual Benefit gained 4%, closing at 0.26kobo per share, up from 0.25kobo per share.  

Niger Insurance led the losers list, dropping 8.70% in share price from 0.23kobo to 0.21kobo per share.   

After losing 5.17% during trade, AIICO’s stock fell from 0.70 to 0.66 kobo per share.  

Linkage Assurance’s share price fell 5.17% to 0.55 kobo per share, down from 0.58 kobo per share.  

Regal Insurance fell 4.76%, closing at 0.40kobo per share, down from 0.42kobo.  

Africa Prudential rounded out the list, dropping from 6.80kobo to 6.50kobo per share after losing 0.30kobo in market value.   

With 72.45 million shares valued at 57.25 million, Jaiz Bank led the trading chart.  

Access Bank came in second, with 23.05 million shares worth $236.41 million.  

UBA exchanged 19.99 million shares for a total value of 169.14 million US dollars.  

Transcorp sold 15.86 million shares worth 16.95 million dollars, while GTCO sold 15.34 million at 399.01 million dollars.   



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