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Transaction on the floor of the Stock Exchange on Wednesday, August 16, 2023 sustained its bearish run and closed on a negative note. The  All Share Index  declined by 0.47% to settle at 64,625.28 from the previous close of 64,928.98. This brings the year-to-date to 25.30%, the month-to-date to 0.74% and the week-to-date to a negative 0.82% respectively.

Market Capitalisation closed at N35.370Trillion. An aggregate of 291,714,158 units of shares were traded in 6,213 deals valued at N7.432illion.

Market Breadth

The market breadth closed negative as a total of 17 equities gained while 22 equities declined in their share prices.

Percentage Gainers
Eterna Plc led other gainers with 10% growth to close at  N17.60 each from its previous price of  N16.00

Computer Warehouse Group (CWG), FTN Cocoa Processsors and Livestock Feeds Plc amongst other gainers also grew their share prices by 8.61%, 6.97% and 5.56% respectively.

Percentage Losers
Nem Insurance Plc led other price decliners as it shed 10% off its share prices to close at N5.40 from its previous close of N6.00
Sunu Assurances Nigeria, Guinea  Insurance and  Cornerstone Insurance Plc were amongst other losers also shed their share prices by 8.51, 7.89% and 7.09% respectively.

Volume Drivers
Guaranty Trust Holding Company (GTCO) Plc traded about 41.747million units of its shares in 351 deals, valued at N1.553billion

Universal Insurance Plc traded about 22.841million units of its shares in 58 deals, valued at N5.169million.

UBA Plc traded about 22.553million units of its shares in 251 deals, valued at N2315.379million

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