Top Losers in 2023 on the Nigerian Exchange

Year 2023 has been a remarkable year for Investors on the equities market of The Nigerian Exchange.

The benchmark All-Share Index (NGX ASI) recorded a 44.92% gain, rising to 74,773.85 points at the end of trading on 29th December, 2023, the last trading day of the year.

Also read; List of Dividends announced in 2023, qualification and payment dates

On the first day of trading, the NGX ASI opened at 51,251.06 points, and by the end of trading on that day, it closed at 51,595.66.

The year saw the election and swearing-in of President Bola Ahmed Tinubu on May 29, 2023. In the last trading day before the swearing in of the new President, the NGX ASI closed at 52,973.88 points.

• Have you read these;
• 54 Companies whose stocks gained more than 100% in 2023 on The Nigerian Exchange
• The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?
• Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

While 54 companies listed on the Nigerian Exchange saw their share price rise by more than 100% in 2023, the following 12 companies saw their share prices fall.

1. Royal Exchange Plc (NGX: ROYALEX): Lost 39.42% to close at N0.63
2. Juli Plc (NGX: JULI): Lost 25.32% to close at N0.59
3. Champion Breweries Plc (NGX: CHAMPION): Lost 24.55% to close at N4.15
4. Pharma-deko Plc (NGX: PHARMDEKO): Lost 12.86% to close at N1.83
5. Nigerian Breweries Plc (NGX: NB): Lost 12.20% to close at N36.00
6. Union Dicon Salt Plc (NGX: UNIONDICON): Lost 9.50% to close at N8.10
7. Smart Products Plc (NGX: SMURFIT): Lost 9.09% to close at N0.20
8. Nigerian Exchange Group Plc (NGX: NGXGROUP): Lost 5.43% to close at N23.50
9. Guinness Nigeria Plc (NGX: GUINNESS): Lost 4.76% to close at N66.00
10. Bua Cement Plc (NGX: BUACEMENT): Lost 0.77% to close at N97.00

Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur