Stock market report: Caverton loses

Reports from the trading floor of the Nigerian Stock Exchange (NSE) on Wednesday show that Caverton, NSE’s newest stock, lost N0.92 on its first day of trading.

Taking a cue from Caverton, the All Share Index also lost 59.72 basis point, which is 0.15 per cent, to close at 39,102.77 against 39,007.40 achieved on Tuesday.

Market capitalisation also depreciated by N20 billion to close at N12,911 trillion from N12,931 trillion achieved on Tuesday.

Nigerian Breweries topped the gainers’ chart, adding N2.70 to close at N169.20 per share.

Flour Mill and Total came second; both equities added N1.00 to close at N70.00 and N156.00, respectively, while Oando gained N0.79 to close at N16.59 per share.

Meanwhile, Seplat topped the losers’ chart, losing N4.00 to close at N636.00 per share.

It was followed by Guinness, which lost N2.93 to close at N178.07, while Conoil lost N2.46 to close at N46.74 per share.

In all, investors traded 852,312,301 shares worth N10,224,702,719.37 transacted in 4,689 deals against the 298,208,768 shares valued at N3,901,692,423.12 billion traded in 4,660 deals on Tuesday.

Wapic was the most traded equity, trading 328,796,179 shares worth N263,041,103.71.