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Market Performance Report for August 18th, 2022

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18
Aug

August 18, 2022
by
in Business News Brief

The Stock Market closed on a bearish note as the Market Capitalisation dropped by N78billion at the end of today’s trading session.

Transactions on the floor of the Stock Exchange on Thursday, closed on a negative note as the All Share Index depreciated by 0.29% to settle at  49,546.38 points from the previous close of 49,691.17 points, bringing the year-to-date to 15.99%, the month-to-date to -1.55% and the week-to-date to -0.18% respectively.

Investors lost N78billion as market capitalisation depreciated by 0.29% to close at N26.724trillion from the previous close of N26.802trillion. An aggregate of 146.987 units of shares were traded in 3,180 deals valued at N2.650billion.

Market Breadth

The market breadth closed negative as 12 equities gained while 24 equities declined in their share prices.

Percentage Gainers

FTN Cocoa Plc led other gainers with 10% growth to close at N0.33 from the previous close of N0.30.
Regency Insurance, Prestige Insurance and Redstar Express Plc amongst other gainers also grew their share prices by 8.70%, 8.33% and 5.88% respectively.

Percentage Losers

NEM Insurance Plc led other price decliners as it shed 9.98% off its share price to close at N3.97 from the previous close of N4.41.
Okomu, UPL and Lasaco Insurance Plc amongst other losers also shed their share prices by 9.96%, 9.91% and 9.57% respectively.

Volume Drivers

First Bank Plc traded about 38.972million units of its shares in 73 deals, valued at N431.888million.

UBA Plc traded about 13.021million units of its shares in 146 deals, valued at N91.226million.

Access Corp Plc traded about 10.204million units of its shares in 215 deals, valued at N84.410million.

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