The NGX Stock Market All Share Index dropped by 2.16% due to a third consecutive day loss of 10% in the price of Airtel Africa Plc at the end of today’s trading session.
Transactions on the floor of the Stock Exchange on Wednesday, close on a negative note as the All Share Index depreciated by 2.31% to settle at 44.318.15 from the previous close of 45.366.32. This brings the year-to-date to 3.75%, the month-to-date to -9.98% and the week-to-date to -6.54% respectively.
Market Capitalisation closed at N24.72trillion. An aggregate of 165.352 units of shares were traded in 3,088 deals valued at N3.674billion.
Market Breadth
The market breadth closed positive as 17 equities gained while 18 equities declined in their share prices.
Percentage Gainers
Fidelity bank Plc led other gainers with 9.74% growth to close at N3.83 from the previous price of N3.49.
Jaiz bank, Mutual Benefit Insurance, and Aiico Insurance Plc amongst other gainers also grew their share prices by 7.06%, 6.90% and 5.56% respectively.
Percentage Losers
Airtel Africa Plc led other price decliners as it shed 10% off its share price to close at N1,312 from the previous close of N1,458.
MRS, Ikeja Hotel and Northern Nigeira Flourmill Plc amongst other losers also shed their share prices by 9.76%, 9.68% and 9.56% respectively.
Volume Drivers
First Bank Plc traded about 48.094million units of its shares in 99 deals, valued at N461.773Million.
GTCO Plc traded about 18.546million units of its shares in 434 deals, valued at N344.426billion.
Sterling Bank Plc traded about 8.283million units of its shares in 52 deals, valued at N12.792million.
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October 19, 2022