Investors are giving trade all they’ve got in a bid to overturn the negative sentiment witnessed at the stock market last week.
The listing of Transcorp Powers on the Nigerian Exchange Limited (NGX), contributed significantly to the ₦1.8 trillion market capitalisation gain in the market.
Transaction on the floor of the Stock Exchange on Tuesday, 5th March 2024, closed on a positive note.
The All Share Index appreciated by 0.35% to settle at 99,192.82 basis points from the previous close of 98,847.89 basis points.
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Market Capitalisation appreciated by ₦1.8 trillion to close at ₦56.083 trillion with the listing of Transcorp Powers at the stock market.
An aggregate of 398,134,011 units of shares was traded in 10,970 deals valued at ₦31 billion
Market Breadth
The market breadth closed negative as 10 equities gained while 37 equities declined in share prices.
Gainers And Losers
Transcorp and Transcorp Power Plc led other gainers with 10% growth each to close at ₦17.27 and ₦290.40 respectively
FBN Holdings, The Initiate, and Juli Plc amongst other gainers also grew their share prices by 9.88%, 9.77%, and 9.71% respectively.
International Breweries and NASCON Allied Industries Plc led other decliners as they shed 10% each off their share prices to close at ₦4.32, and ₦48.15, respectively.
May and Baker Nigeria, Thomas Wyatt, and C&I Leasing Plc amongst other losers also shed their share prices by 9.93%, 9.85%, and 9.84% respectively.
Volume Drivers
Transcorp Power Plc traded about 87.48 million units of its shares in 1,007 deals, valued at ₦25.406 billion.
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Transcorp Plc traded about 68.031million units of its shares in 251 deals, valued at ₦1.175 billion
United Bank for Africa (UBA) Plc traded about 23.350 million units of its shares in 579 deals, valued at ₦519.312 million
