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