The market wrapped up on a buillish note at the end of today’s trading session. The market direction was attributed to gains in recorded in large and medium cap stocks such as Guinness, Caverton, Transcorp and NGX Group Plc.
Transactions on the floor of the Stock Exchange on Wednesday, closed on a positive note as the All Share Index appreciated by 0.39% to settle at 49,836.51 points from the previous close of 49,642.69 points, bringing the year-to-date to 16.67%, the month-to-date to -1.17% and the week-to-date to 0.47% respectively.
Investors gained N104billion as market capitalisation appreciated by 0.39% to close at N26.880trillion from the previous close of N26.776trillion. An aggregate of 367.341 units of shares were traded in 3,725 deals valued at N3.237billion.
Market Breadth
The market breadth closed positive as 20 equities gained while 12 equities declined in their share prices.
Percentage Gainers
Guinness Plc led other gainers with 9.88% growth to close at N87.90 from the previous close of N80.
Caverton, Transcorp an NGX Group Plc amongst other gainers also grew their share prices by 9.62%, 8.65% and 6.43% respectively.
Percentage Losers
Consolidated Hallmark Plc led other price decliners as it shed 7.69% off its share price to close at N0.60 from the previous close of N0.65.
Unilever, Sovereign Insurance and UPDC reit Plc amongst other losers also shed their share prices by 7.22%, 7.14% and 7.04% respectively.
Volume Drivers
Sterling Bank Plc traded about 162.447million units of its shares in 31 deals, valued at N238.937million.
Access Corp Bank Plc traded about 27.701million units of its shares in 167 deals, valued at N228.033million.
UBA Plc traded about 26.578million units of its shares in 169 deals, valued at N191.273million.
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August 31, 2022