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MARKET PERFORMANCE REPORT FOR 10TH JANUARY, 2024

10
Jan

Transaction on the floor of the Stock Exchange on Wednesday 10th January, 2024, witnessed a lot of profit taking from investors thereby making the market experience its first negative close for the year 2024. The  All Share Index declined by 1.40% to settle at 82,024.38 from the previous close of 83,191.84. This brings the year-to-date to 9.49%,  month-to-date to 9.49%, and the week-to-date to 2.99% respectively.

Market Capitalisation closed at N44.885 trillion. An aggregate of 1,641,281,797 units of shares was traded in 20,223 deals valued at N25,377,806,161.07

Market Breadth

The market breadth closed negative as 64 equities gained while 13 equities declined in share prices.

Percentage Gainers

Cadbury Nigeria Plc led other gainers with 9.92% growth to close at  N19.95 from its previous price of N18.15

Veritas Kapital Assurance, Linkage Assurance,  and Transcorp Hotel Plc amongst other gainers also grew their share prices by 9.79%, 8.70%, and 7.24% respectively.

Percentage Losers

Caverton Offshore Support, Chams Holding, Consolidated Hallmark Holding, Cornerstone  Insurance, FTN Cocoa Processors, and May & Baker Plc led other price decliners as they shed 10% off their share prices to close at N2.07, N2.16, N1.35, N1.80, N1.98, and N5.49 from their previous close of N2.30, N2.40, N1.50, N2.00, N2.20, and N6.10 respectively

United Capital, Ikeja Hotel, Trancorp, and Access Bank Holding Plc amongst other losers also shed their share prices by 9.95%, 9.95%, 9.94%, and 9.93% respectively.

Volume Drivers

Transcorp Plc traded about 117.635 million units of its shares in 1,302 deals, valued at N1.542 billion

Sterling Bank Financial Holding Plc traded about 116.045 million units of its shares in 856 deals, valued at N773.414 million

Access Bank Holding Plc traded about 111.648 million units of its shares in 1,171 deals, valued at N3.119 billion

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