The stock market All Share Index recorded a gain of 0.11% at the end of today’s trading session. The market direction was attributed to gains recorded in stocks such as Pharmdeko, Consolidated Hallmark, UPDC and FCMB.
Transactions on the floor of the Stock Exchange on Thursday, closed on a positive note as the All Share Index appreciated by 0.11% to settle at 49.889.88 points from the previous close of 49,836.51 points, bringing the year-to-date to 16.79%, the month-to-date to -1.06% and the week-to-date to 0.58% respectively.
Investors gained N29billion as market capitalisation appreciated by 0.11% to close at N26.909trillion from the previous close of N26.880trillion. An aggregate of 229.121 units of shares were traded in 3,575 deals valued at N1.750billion.
Market Breadth
The market breadth closed positive as 20 equities gained while 12 equities declined in their share prices.
Percentage Gainers
Pharmdeko Plc led other gainers with 7.43% growth to close at N1.88 from the previous close of N1.75.
Consolidated Hallmark Insurance, UPDC and FCMB Plc amongst other gainers also grew their share prices by 5%, 5% and 4.92% respectively.
Percentage Losers
Mutual Benefit Insurance Plc led other price decliners as it shed 9.38% off its share price to close at N0.29 from the previous close of N0.32.
CWG, Transcorp, Lasaco Insurance Plc amongst other losers also shed their share prices by 9.09%, 7.08% and 6.80% respectively.
Volume Drivers
Sterling Bank Plc traded about 108.699million units of its shares in 33 deals, valued at N159.823million.
GTCO Bank Plc traded about 34.252million units of its shares in 508 deals, valued at N680.452million.
Fidelity Bank Plc traded about 15.554million units of its shares in 260 deals, valued at N50.592million.
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September 1, 2022