By Ben Nsemo
On Thursday, the Nigerian stock market experienced sell-offs that caused losses in Oando, Tantalizer, and other companies before the end of trade.
After five hours of trading today, the sell-offs reduced the equity capitalisation by N40 billion, from N37.40 trillion to N37.36 trillion.
The All-Share Index, which had previously closed at 68,335.72 but fell by 64.58 basis points to 68,271.14 today, mirrored the fall.
On Thursday, investors transacted 7,949 deals totaling 1.12 billion shares worth N5.81 billion.
More than 8,201 transactions totaling 566.63 million shares worth N5.38 billion were made on Wednesday by shareholders.
With a N0.15 kobo increase in share price, John Holt moved from N1.57 kobo to N1.72 kobo per share, topping the list of gainers.
In comparison to its starting share price of N0.21 kobo, DAAR Comm increased by 9.52 percent to close at N0.23 kobo.
Omatek’s share price increased from N0.42 kobo to N0.46 kobo, a 9.52 percent increase.
Mutual Benefit’s share price increased by 9.30 percent, rising from N0.43 to N0.47 kobo per share.
Shares of Sunu Assurance ended trading at N0.96 kobo, up 9.09 percent from N0.88 kobo.
Oando topped the losers’ table after shedding N1.45 kobo to drop from N14.60 kobo to N13.15 kobo per share.
Lasacol’s share price dropped by N0.20 kobo to end trading at N1.86 kobo from N2.06 per share.
Chams lost N0.14 kobo to end trading with N1.32 kobo from N1.46 kobo per share.
NNFM lost N1.55 kobo to drop from N16.80 kobo to N15.25 kobo per share.
Tantalizer’s share dropped from N0.35 kobo to N0.32 kobo per share after losing N0.90 kobo during trading.
Universal Insurance topped the day’s trading with 669.01 million shares valued at N134.20 million.
Oando followed with 100.68 million shares worth N1.45 billion.
Japaul Gold sold 43.73 million shares worth N43.38 million.
Access Corporation traded 40.14 million shares valued at N681.94 million, while UBA sold 32.45 million shares valued at N552.75 million.