Nigerian Bourse dips further by 0.64%, sheds N182bn

The Nigerian stock market on Wednesday closed on a bearish note, occasioned by profit taking in MTN and 25 other stocks.

The All Share Index to decline by 0.64% to close at 52,775.40 points from the previous close of 53,113.64 points.

The Market Capitalisation dropped by 0.64%, closing at N28.452 trillion from the previous close of N28.634 trillion, thereby shedding N182 billion

An aggregate of 188 million units of shares were traded in 4,890 deals, valued at N2.36 billion.

The Market Breadth closed negative as 11 equities emerged as gainers against 26 equities that declined in their share prices.

Percentage Gainers

Tripple G Plc led other gainers with 9.20% growth, closing at N0.95 from the previous close of N0.87.

Learn Africa and Unity Bank among other gainers also grew their share prices by 5.49% and 2.13% respectively.

Percentage Losers

Meyer Plc led other price decliners as it shed 10% of its share price to close at N2.79 from the previous close of N3.10.

Linkage Assurance and Union Bank among other price decliners also shed their share prices by 8.93% and 7.69% respectively.

Volume Drivers

UBA traded about 36.42 million units of its shares in 177 deals, valued at N278.56 million.

GTCO traded about 24.39 million units of its shares in 449 deals, valued at N531.3 million.

FBNH traded about 17.62 million units of its shares in 223 deals, valued at N175.82 million.

Source: Nigerian Bourse dips further by 0.64%, sheds N182bn – StocksWatch (stocksng.com)


Notice: Function WP_List_Util::pluck was called incorrectly. Values for the input array must be either objects or arrays. Please see Debugging in WordPress for more information. (This message was added in version 6.2.0.) in /home/fundidqj/fundvinesecurities.com/securities/wp-includes/functions.php on line 6031

Related Posts

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]