Stock market dips further by 2.16%, sheds N544bn

The Nigerian stock market on Tuesday closed on a bearish note, occasioned by profit taking in Airtel Africa and 14 other stocks.

The All Share Index was down by 2.16% to close at 45,366.32 points from the previous close of 46,365.95 points.

The Market Capitalisation declined by 2.15% to close at N24.710 trillion from the previous close of N25.254 trillion, thereby shedding N544 billion.

An aggregate of 420.277 million units of shares were traded in 3,486 deals, valued at N3.62 billion.

The Market Breadth closed positive as 18 equities emerged as gainers against 15 equities that declined in their share prices.

Percentage Gainers

UCAP led other gainers with 9.69% growth to close at N12.45 from the previous close of N11.35

Regency Assuarnce and Sovereign Trust Insurance among other gainers also grew their share prices by 8.33% and 7.69% respectively.

Percentage Losers

Airtel Africa led other price decliners as it shed 10.00% of its share price to close at N1458 from the previous close of N1620.

Nigerian Breweries and CWG among other price decliners also shed their share prices by 9.80% and 8.64% respectively.

Volume Drivers

CWG traded about 258.793 million units of its shares in 5 deals, valued at N191.5 million.

GTCO traded about 57.415 million units of its shares in 570 deals, valued at N1.07 billion.

Zenith Bank traded about 13.155 million units of its shares in 337 deals, valued at N268.75 million.

Source: Stock market dips further by 2.16%, sheds N544bn – StocksWatch (stocksng.com)

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.[…]