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MARKET PERFORMANCE REPORT FOR 23RD JANUARY, 2024

23
Jan

Transaction on the floor of the Stock Exchange on Tuesday, 23rd January 2024, sustained a 9th-day consecutive bullish run and closed on a positive note. The  All Share Index appreciated by 2.97% to settle at 98,616.97 from the previous close of 95,758.12. This brings the year-to-date to 30.70,  the month-to-date to 30.70, and the week-to-date to 4.27% respectively.

Market Capitalisation closed at N53.967 trillion. An aggregate of 747,514,672 units of shares was traded in 16,589 deals valued at N16,276,236,390.14

Market Breadth

The market breadth closed negative as 17 equities gained while 58 equities declined in share prices. The overall gain in the All Share Index ASI was a result of gains in high cap shares like Dangote Cement, BUA cement, Seplat Energy and MTN Nigeria

Percentage Gainers

BUA Cement and Seplat Energy Plc led other gainers with 10% growth each to close at  N163.35 and N2,795.10 from their previous price of N148.50 and N2,541.00

Dangote Cement, Eterna, and Meyer Plc amongst other gainers also grew their share prices by 9.99, 9.92%%, and 9.88% respectively.

Percentage Losers

PZ Cusson, May and Baker, John Holt, Deap Capital, Mutual Benefit Assurance, and Veritas Kapital Assurance Plc led other price decliners as they shed 10% each off their share prices to close at N31.50, N7.38, N2.70, N0.81, N0.72and N0.63 from their previous close of N35.00, N8.20, N3.00, N0.90, N0.80, and N0.70 respectively.

Transcorp, Jaiz Bank, and Wema Bank Plc amongst other losers also shed their share prices by  9.99%, 9.97%, and 9.95% respectively.

Volume Drivers

Transcorp Plc traded about 77.711 million units of its shares in 1,182 deals, valued at N1.292 billion

Sterling Bank Financial Holding Plc traded about 73.311 million units of its shares in 473 deals, valued at N485.730 million

United Bank for Africa (UBA) Plc traded about 52.700 million units of its shares in 783 deals, valued at N1.580 billion

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