A 3.60% loss in the price of MTN Nigeria resulted to a halt in the three weeks bullish trend in the stock market. The All Share Index loss 0.19% at the end of today’s trading session.
Transactions on the floor of the Nigerian Exchange Limited (NGX) on Tuesday, closed on a negative note as the All Share Index depreciated by 0.19% to settle at 51,805.41 points, from the previous close of 51,902 points, bringing the year-to-date to 21.28%, the month-to-date to 4.31% and the week-to-date to 1.71% respectively.
Investors lost N52Billion as market capitalisation depreciated by 0.19% to close at N27.929trillion from the previous close of N27.981trillion. An aggregate of 331.522Million units of shares were traded in 6,689 deals valued at N5,036Billion.
Market Breadth:
The market breadth closed positive as 36 equities gained while 13 equities declined in their share prices.
Percentage Gainers:
May and Baker Plc led other gainers with 10% growth to close at N4.84 from the previous close of N4.40.
Multiverse, Okomu Oil, and Champion Brewery Plc amongst other gainers also grew their share prices by 10%, 10% and 9.81% respectively.
Percentage Losers:
NAHCO Plc led other price decliners as it shed 4.12% off its share price to close at N6.51 from the previous close of N6.79.
Mutual Benefit Insurance, Wema Bank, and MTN Nigeria Plc amongst other losers also shed their share prices by 3.85%, 3.73% and 3.61% respectively.
Volume Drivers:
GTCO Plc traded about 51.963mIllion units of its shares in 388 deals, valued at N1.228Billion.
Transcorp Plc traded about 41.338million units of its shares in 178 deals, valued at N49.618million.
First Bank Plc traded about 14.089million units of its shares in 181 deals, valued at N171.283million.
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May
May 10, 2022