Transaction on the floor of the Stock Exchange on Wednesday March 1, 2023 close on a negative note as the market began the month of March bearish. The All Share Index depreciated by 0.53% to settle at 55,508.61 from the previous close of 55,806.26. This brings the year-to-date to 7.39%, the month-to-date to -0.53% and the week-to-date to 1.03% respectively.
Market Capitalisation closed at N30.30.24trillion. An aggregate of 232,584,844 units of shares were traded in 4,255 deals valued at N4.246billion.
Market Breadth
The market breadth closed positive despite the loss in the overall market index, the overall loss can although be ascribed to the decline in the price of Airtel Africa. A total of 28 equities gained while 12 equities declined in their share prices.
Percentage Gainers
Veristas Kapital Assurance Plc led other gainers with 10% growth to close at N0.22, from its previous prices of N0.20
Ardova, Wema Bank and The Initiates Plc amongst other gainers also grew their share prices by 9.76%, 8.83% and 8.33% respectively.
Percentage Losers
John Holt Plc led other price decliners as it shed 9.66% off its share price to close at N1.59 from the previous close of N1.76
Ecobank Transnational Incorporated (ETI), Airtel Africa and United Capital Plc, were amongst other losers also shed their share prices by 7.69%, 5.25%, and 3.91% respectively.
Volume Drivers
Transcorp Plc traded about 47.892million units of its shares in 241 deals, valued at N67.001million.
GTCO Plc traded about 46.625million units of its shares in 391 deals, valued at N1.258billion.
OANDO Plc traded about 19.977million units of its shares in 409 deals, valued at N102.325million
1
Mar
March 1, 2023