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Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week.

The NGX All-Share Index and market capitalisation depreciated by 0.96 per cent and 0.95 per cent to close the week at 53,804.46 and N29.310 trillion respectively.

Also, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Industrial Goods and NGX Growth indices which appreciated by 0.54 per cent, 1.18 per cent, 0.44 per cent, 0.67 per cent, 0.91 per cent, 0.06 per cent and 7.15 per cent respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat

According to the NGX, 36 equities appreciated in price last week. This figure is higher than 24 equities that appreciated in the previous week. 27 equities depreciated in price lower than 45 in the previous week, while 94 equities remained unchanged, higher than 88 equities recorded in the previous week.

A total turnover of 751.990 million shares worth N20.575bn in 15,822 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 944.293 million shares valued at N22.710bn that exchanged hands in previous week in 18,615 deals.

The Financial Services Industry (measured by volume) led the activity chart with 508.517 million shares valued at N6.212bn traded in 6,877 deals; thus contributing 67.62 per cent and 30.19 per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 86.346 million shares worth N4.806bn in 2,562 deals. The third place was the industrial goods industry, with a turnover of 34.305 million shares worth N3.635bn in 1,305 deals.

Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and FBN Holdings Plc (measured by volume) accounted for 249.667 million shares worth N3.915bn in 1,984 deals, contributing 33.20 per cent and 19.03 per cent to the total equity turnover volume and value respectively.

Meanwhile, Neimeth International Pharmaceuticals Plc has listed 2,373,947,500 ordinary shares of 50 Kobo each at N1.55 per share on the daily official list of the Nigerian Exchange Limited.

With this listing of the additional 2,373,947,500 ordinary shares, the total issued and fully paid up shares of Neimeth has now increased from 1,899,157,108 to 4,273,104,608 ordinary shares of 50 Kobo each.

The Association of Senior Staff of Banks, Insurance and Financial Institutions has revealed that banks have lost the sum of N5 billion across the nation, following recent attacks and destruction of bank facilities.

The President of ASSBIFI, Oluwole Olusoji, disclosed this on Thursday at a news conference in Lagos.

He said aside from bank buildings burnt and Automated Teller Machines destroyed, bank officials were also affected.

Olusoji said 17 bank branches have been attacked so far.

It will be recalled that several commercial institutions were destroyed by protesters across the country, following the scarcity of naira notes.

Olusoji said, “Notwithstanding the insecurity due to the destruction of business premises within the banking industry, and the impact on insurance organisations, we remain committed to go the extra mile in providing service to our customers in safe and secure environments.

“However, we value the lives of our members and colleagues and will not put them at any further risk. We have, therefore, put them on alert and shall instruct them without further warning to immediately stay away from their branches if these attacks on our members and facilities continue until such a time that they can be guaranteed of their personal safety and the security of their workplaces by the relevant authorities.

“We call on the public to desist from threatening or attacking our members, or destroying our properties as they will be only proverbially cutting their noses to spite their faces. We can only give what we have been provided with and nothing more,” Olusoji said.

Stock investors gained N8bn on Thursday as market capitalisation rose slightly to N29.696tn at the close of trading on the Nigerian Exchange Limited.

The All-share Index also appreciated by 0.02 per cent to close at 54,520.2 points.

The stock market closed positive as TrippleG led 17 gainers including RTBriscoe, Japaul Gold, LivingTrust, VeritaSkap, Honyflour and Geregu (BLS).

The losers’ table was topped by Courtville, followed by CWG, the NGX Group, Wapic, Fidelity Bank and Transcorp at the end of Thursday’s trading session.

In all, 125,860,855 million shares estimated at N3.602bn were traded in 2,670 deals.

Zenith Bank was the most active stock with 8,441,601 million of its shares worth N214,56m traded in 180 deals. GTCO’s shares of 19,173,469 million units, priced at N481.722m, exchanged hands in 175 transactions. MTN Nigeria had 318,974 shares valued at N77.379m traded in 151 deals. WAPCO traded 4,158,679 million shares estimated at 108.96 million in 149 transactions.

Investors positive sentiments continued yesterday on the stock market of The Nigerian Exchange Limited (NGX) as buying interest in Guinness Nigeria plc and 16 others drove the All-Share Index 0.24 per cent higher.

The All Share Index (ASI) rose by 131.64 basis points or 0.24 per cent to close at 54,496.31 points. Accordingly, investors gained N72 billion in value as market capitalisation went up to N29.683 trillion.

As measured by market breadth, market sentiment was negative, as 19 stocks lost relative to 17 gainers. Tripple Gee & Company recorded the highest price gain of 9.49 per cent to close at N1.50, per share.

Courteville Business Solutions followed with a gain 8.33 per cent to close at 52 kobo, while Chams Holding Company rose by 7.41 per cent to close at 29 kobo, per share.

Guinness Nigeria went up by 6.35 per cent to close at N67.00, while Prestige Assurance appreciated by 5.00 per cent to close at 42 kobo, per share. On the other hand, International Energy Insurance led the losers’ chart by 6.20 per cent to close at N1.21, per share. Livestock Feeds followed with a decline of 5.45 per cent to close at N1.04, while Unity Bank went down by 3.77 to close at 51 kobo, per share.

Fidson Healthcare lost 3.75 per cent to close at N9.50, while Transnational Corporation shed 3.10 per cent to close at N1.25, per share.

The total volume traded increased by 26.3 per cent to 177.924 million shares, worth N5.693 billion, and traded in 3,617 deals.

Transactions in the shares of BUA Foods topped the activity chart with 50.009 million shares valued at N3.720 billion. United Bank for Africa (UBA) followed with 25.726 million shares worth N214.875 million, while Access Holdings traded 11.373 million shares valued at N104.667 million.

Sterling Bank traded 8.301 million shares valued at N12.736 million, while Computer Warehouse Group sold six million shares worth N4.933 million.

The Supreme Court has adjourned the suit filed by state governments to challenge the naira redesign policy of the Central Bank of Nigeria (CBN).

The Supreme Court adjourned the case till Wednesday, February 22 for a hearing of the consolidated suits by 10 states.

Kogi, Kaduna and Zamfara States approached the Supreme Court, seeking that the CBN from be restrained going ahead with the deadline.

CBN had originally fixed January 31 as the deadline for old notes to be in circulation but extended it in response to pressure from Nigerians.

The Supreme Court on Wednesday, February 8 issued an interim injunction restraining the Federal Government from suspending the acceptance of the old Naira notes on the Friday, February 10, 2023 deadline.

Amid the court’s injunction, banks and some commercial service providers are rejecting old Naira notes.

Meanwhile, the CBN on Tuesday said old naira notes of ₦‎200, ₦‎500, ₦‎1000 notes are no longer legal tender in the country since Friday, February 10, 2023 despite the Supreme Court order.

CBN Branch Controller in Bauchi, Haladu Idris Andaza, while speaking to journalists made the disclosure.

“In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelines on the old currency notes, be that as it may, there are so many questions here and there which people have been asking about,” Andaza said.

“So for the avoidance of doubt, we wish to state categorically that CBN is ready and is opened to receive all of those old notes based on certain conditions and criteria. Customers are free to come to the Bank and deposit which they cannot do at the Commercial Banks anymore because the currency has seized to be a legal tender since the 10th of this month.

“Consequently, the management of the CBN decided that those customers will have a sigh of relief by coming to the offices of the CBN in all the 36 states in the Federation including FCT to deposit their money.”