You see, stock market investors will be hopeful that the current trading day does not end in the negative like the previous, Wednesday, April 3.
Both the market capitalisation and All-Share index depreciated at the close of trade, making investors lose ₦19 billion.
At the end of trading, over 20 stocks declined on the floor of the stock market.
Similarly, the All-share Index declined by 0.32%, settling at 104,181.32bps from the previous close of 104,518.14bps.
Have You Read: Stock Market Closes Bullish, As Investors Gain ₦158bn
Also, the year-to-date dropped to 39.51%, the month-to-date to a negative 0.36%, and the week-to-date to a negative 0.36% respectively.
Market Capitalisation closed at ₦58.907 trillion. An aggregate of 404.9 million units of shares was traded in 10,227 deals valued at ₦8.907 billion.
Gainers And Losers
University Press Plc led other gainers with 9.84% growth to close at ₦2.68 from its previous price of ₦2.44
Scoa Nigeria, Morison Industries, and Cutix Plc amongst other gainers also grew their share prices by 9.69%, 9.66% and 9.62% respectively.
Caverton Offshore Group and IEI Plc led decliners, as they shed 10% each off their share price to close at ₦1.62 and ₦1.44.
Thomas Wyatt, Nem Insurance, and Tantalizer Plc amongst other losers also shed their share prices by 9.63%, 9.60%, and 9.52% respectively.
Volume Drivers
Access Holding Plc traded about 50.000 million units of its shares in 939 deals, valued at ₦1.242 billion.
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United Bank for Africa (UBA) traded about 49.006 million units of its shares in 417 deals, valued at ₦1.370 billion.
Transcorp Plc traded about 45.947 million units of its shares in 936 deals, valued at ₦612,799 million.
While there is a decline in capitalisation in the week, the global stock market capitalisation rose by $13trn in 2023.
Here is a video that explains why this happened.
