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Market Performance Report for August 9th, 2022

9
Aug

A 9.06% and 4.29% loss in the price of Dangote Cement and MTN Nigeria Plc respectively resulted to a drop of N615billion in the overall market capitalisation at the end of today’s trading session on the floor of Nigerian Exchange Limited.

Transactions on the floor of the Stock Exchange on Tuesday, closed on a negative note as the All Share Index depreciated by 2.26% to settle at  49.350.71points from the previous close of 50.489.73 points, bringing the year-to-date to 15.53%, the month-to-date to -2.01% and the week-to-date to -2.26% respectively.

Investors lost N615billion as market capitalisation depreciated by 2.26% to close at N26.618trillion from the previous close of N27.233trillion. An aggregate of 140.610units of shares were traded in 3,895 deals valued at N1.600billion.

Market Breadth

The market breadth closed negative as 12 equities gained while 1 equities declined in their share prices.

Percentage Gainers
NEM Insurance Plc led other gainers with 10% growth to close at N3.74 from the previous close of N3.40.
Prestige Insurance, Ellah Lakes and Multiverse Plc amongst other gainers also grew their share prices by 10%, 9.78% and 9.57% respectively.

Percentage Losers

Cornerstone Insurance Plc led other price decliners as it shed 9.33% off its share price to close at N0.68 from the previous close of N0.75.
Dangote Cement, Japaul Gold and Sovereign Insurance Plc amongst other losers also shed their share prices by 9.06%, 8.11% and 7.41% respectively.

Volume Drivers

Japaul Gold Plc traded about 23.180million units of its shares in  98 deals, valued at N8.951million.

Aiico Insurance Plc traded about 14.849million units of its shares in 47 deals, valued at N8.448million.

Sterling Bank Plc traded about 14.302million units of its shares in 65 deals, valued at N21.412million.
 

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