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Transaction on the floor of the Stock Exchange on Wednesday, 28th February 2024,  sustained a 3rd consecutive day bearish run and closed on a negative note. The  All Share Index declined by 1.27% to settle at 99,302.57 from the previous close of 100,582.89. This brings the year-to-date to 33.77%,  the month-to-date to negative 1.70%, and the week-to-date to negative 2.75% respectively.

Market Capitalisation closed at N54.337 trillion. An aggregate of 396,228,353 units of shares was traded in 9,141 deals valued at N5,826,234,056.16

Market Breadth

The market breadth closed negative as 5 equities gained while 52 equities declined in share prices.

Percentage Gainers

PZ Cussons Plc led other gainers with 10% growth to close at  N29.15 from its previous price of N26.50

Juli, NAHCO, and  NPF Micro Finance Bank Plc amongst other gainers also grew their share prices by 9.93%, 1.53%, and 0.69% respectively.

Percentage Losers
Lafarge Africa, Nigerian Breweries Plc, and 5 others led other price decliners as they shed 10% each off their share price to close at N31.95 and N30.60 from their previous close of N35.50 and N34.00 respectively

First Bank of Nigeria Holding (FBNH), Champion Breweries, and C & I Leasing Plc amongst other losers also shed their share prices by  9.97%, 9.86%,  and 9.85% respectively.

Volume Drivers

Transcorp Plc traded about 52.567 million units of its shares in 597 deals, valued at N675.581 million

United Bank for Africa (UBA)Plc traded about 39.472 million units of its shares in 816 deals, valued at 823.933 million

Access Bank Holding Plc traded about 35.291 million units of its shares in 796 deals, valued at N620.906 million

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