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MARKET PERFORMANCE REPORT FOR 16TH JANUARY, 2024

16
Jan

Transaction on the floor of the Stock Exchange on Tuesday 16th January, 2024, sustained its 4th day bullish run and closed on a positive note. The  All Share Index appreciated by 3.93% to settle at 87,971.10 from the previous close of 84,640.89. This brings the year-to-date to 16.91%,  month-to-date to 16.91%, and the week-to-date to 5.85% respectively.

Market Capitalisation closed at N48.139 trillion. An aggregate of 1,066,836,882 units of shares was traded in 14,505 deals valued at N15,767,969,393.64

Market Breadth

The market breadth closed positive as 77 equities gained while 10 equities declined in share prices.

Percentage Gainers

Transcorp, Sterling Bank Financial Holding, Berger Paint, Honey Well Flour Mills, Nigerian Breweries, Nascon Allied  Indutries, Dangote Sugar Refinary, Univeral Insurance, Flour Mill Nigeria, and FTN Cooa Proceor Plc led other gainers with 10% growth each to close at  N15.95, N7.59, N15.40, N4.40, N41.25, N71.50, N0.44, N45.10,and N2.20 from their previous prices of N14.50, N6.90, N14.00, N4.00, N37.50, N65.00, N74.00, N0.40, N41.00 and N2.00 respectively 

Wema Bank, BUA Cement, Unity Bank, Consolidated Hallmark Holding, Jaiz Bank and May & Baker Plc amongst other gainers also grew their share prices by 9.96%, 9.96%, 9.96%, 9.94, 9.94 and 9.91% respectively.

Percentage Losers

Royal Exchange Plc led other price decliners as it shed 8.16% off its share price to close at N0.90 from its previous close of N0.98

Multiverse Mining and Exploratiom, Ellah Lakes, and Oando Plc amongst other losers also shed their share prices by  6.59%, 4.79%, and 3.60% respectively.

Volume Drivers

Jaiz Bank Plc traded about 147.637 million units of its shares in 738 deals, valued at N497.486 million

AIICO Insurance Plc traded about 128.340 million units of its shares in 401 deals, valued at N123.340 million

First City Monument Bank (FCMB) Plc traded about 61.073 million units of its shares in 423 deals, valued at N735,894 million

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