No one wants to lose, especially in business, unfortunately, no one has monopoly of success.
With major stocks in the market shedding off their shares price, losses are bound to happen.
And that’s why the stock market began on a negative sentiment on Monday losing ₦62 billion and another ₦239 billion on Tuesday.
The sell-offs that occurred in the market on Monday had significant negative impact on the outcome of the market.
Transaction on the floor of the Stock Exchange on Tuesday, March 19, 2024, closed on a negative note.
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As the All-share Index declined by 0.11%, to close at 104,553.31 basis points from the previous close of 104,663.34 basis points.
The NGX Market Capitalisation closed at ₦N59.116 trillion, after shedding 239 billion.
An aggregate of 307,016,702 units of shares was traded in 9,548 deals valued at ₦7.5 trillion.
The market breadth closed positive as 27 equities gained while 23 equities declined in share prices.
Gainers And Losers
International Energy Insurance Plc led other gainers with 10% growth each to close at ₦1.32 from its previous price of ₦1.20.
International Breweries, Juli, and NEM Insurance Plc amongst other gainers also grew their share prices by 9.89%, 9.85%, and 9.59% respectively.
Daar Communications Plc led other price decliners as it shed 9.86% off its share price to close at ₦0.64, from its previous close of ₦0.71.
Computer Warehouse Group (CWG), Sovereign Trust Insurance, and Fidson Healthcare Plc shed their share prices by 9.09%,8.51%, and 6.25% respectively.
Volume Drivers
FBN Holding Plc traded about 37.807 million units of its shares in 658 deals, valued at ₦1.573 billion.
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Also, UBA Plc traded about 36.855 million units of its shares in 627 deals, valued at ₦954.382 million.
Access Bank Holding Plc traded about 28.087 million units of its shares in 486 deals, valued at ₦649.273 million.
