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MARKET PERFORMANCE REPORT FOR 12TH SEPTEMBER, 2022

12
Sep

The stock market capitalisation dropped by N38 billion to kick start the week on a bearish note.  The market direction was attributed to losses recorded in medium cap stocks such as Multiverse, FTN Cocoa, Chams and First Bank Plc.

Transactions on the floor of the Stock Exchange on Monday, closed on a negative as the All Share Index depreciated by 0.14% to settle at  49.626.05 points from the previous close of 49.695.12 points, bringing the year-to-date to 16.18%, the month-to-date to -0.27% and the week-to-date to -0.76% respectively.

Investors lost N38billion as market capitalisation depreciated by 0.14% to close at N26.767trillion from the previous close of N26.805trillion. An aggregate of 86.594 units of shares were traded in 3,377 deals valued at N1.171billion.

Market Breadth

The market breadth closed flat as 13 equities gained and 10 equities declined in their share prices.

Percentage Gainers

Multiverse Plc led other gainers with 9.32% growth to close at N2.36 from the previous close of N2.58.
FTN Cocoa, Chams and Academy Press Plc amongst other gainers also grew their share prices by 6.67%, 6.45% and 4.76% respectively.

Percentage Losers

Beta Glass Plc led other price decliners as it shed 10% off its share price to close at N2.25 from the previous close of N2.50
NEM Insurance, Japaul Gold and  Fidelity bank Plc amongst other losers also shed their share prices by 7.96%, 6.90% and 6.58% respectively.

Volume Drivers

GTCO Plc traded about 19.471million units of its shares in 364 deals, valued at N385.586million.

Sterling Bank Plc traded about 6.213million units of its shares in 41 deals, valued at N9.351million.

Zenith Bank Plc traded about 5.915million units of its shares in 288 deals, valued at N118.676million.

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