Geregu Power gains 10% on listing day, market returns -0.09%

The Nigerian stock market on Wednesday closed on a negative note as the All Share Index declined by 0.09%, closing at 48,836.70 points from the previous close of 48,879.74 points. Year-to-date, the market has returned 14.33%

The Market Capitalisation grew by N227 billion, closing at N26.6 trillion from the previous close of N26.373 trillion. This is due to listing by introduction of Geregu Power Plc.

An aggregate of 135.523 million units of shares were traded in 4,041 deals valued at N2.219 billion.

Market Breadth

The market breadth closed negative as 12 equities gained while 22 equities declined in their share prices.

Percentage Gainers

Geregu Power Plc led other gainers with 10% growth to close at N110 from the listing price of N100.

Multiverse, Redstar Express and Sovereign Insurance Plc amongst other gainers also grew their share prices by 9.88%, 9.48% and 8% respectively.

Percentage Losers

Cadbury Plc led other price decliners as it shed 9.93% off its share price to close at N13.60 from the previous close of N12.25.
NNFM, PZ and Corenerstone Insurance Plc amongst other losers also shed their share prices by 9.33%, 9.19% and 8.93% respectively.

Volume Drivers

Cadbury Plc traded about 702.105 million units of its shares in 33 deals, valued at N8.613 million.

NNFM Bank Plc traded about 188.053 million units of its shares in 7 deals, valued at N1.279 million.

PZ Plc traded about 454.384 million units of its shares in 41 deals, valued at N3.809 million.

Source: Geregu Power gains 10% on listing day, market returns -0.09% – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]