Transaction on the floor of the Stock Exchange on Monday, 18th March 2024, halted the ten days consecutive bullish run and closed the first trading day of the week on a negative note. The All Share Index declined by 0.40% to settle at 104,663.34 from the previous close of 105,085.25 . This brings the year-to-date to 40.14%, the month-to-date to 4.71%, and the week-to-date to a negative 0.40% respectively.
Market Capitalisation closed at N59.178 trillion. An aggregate of 287,445,91 units of shares was traded in 9,077 deals valued at N10,800,561,950.36
Market Breadth
The market breadth closed positive as 27 equities gained while 18 equities declined in share prices. The overall lose in the All-Share Index (ASI) was as a result of 7.58% lose in the share price of MTN Nigeria
Percentage Gainers
ABC Transport led other gainers with 9.86% growth each to close at N0.78 from its previous price of N0.71
NEM insurance, Livestock Feed, and NGX Group Plc amongst other gainers also grew their share prices by 9.77%, 9.68%, and 9.55% respectively.
Percentage Losers
McNichol Plc led other price decliners as it shed 9.30% off its share price to close at N1.17, from its previous close of N1.29
Daar Communications, UPDC, and MTN Nigeria Communications Plc amongst other losers also shed their share prices by 8.97%,7.89%, and 7.58% respectively.
Volume Drivers
United Bank for Africa (UBA) Plc traded about 46.232 million units of its shares in 356 deals, valued at N1.190 billion
Guaranty Trust Bank Holding Company (GTCO) Plc traded about 35.350 million units of its shares in 483 deals, valued at 1.651 billion
Transcorp Plc traded about 21.506 million units of its shares in 532 deals, valued at 834.035 million
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March 18, 2024