Trading activities ended on a sour note for investors at stock market, who began the month of March on a bearish sentiment.
The negative sentiment at the stock market, might really not be coming as a surprise to most people considering the economic crisis in the country.
Whatever excuse you may want to give, investors would still not be happy for the huge losses recorded.
The first trading day in the month of March, 2024, at the stock market section of the Nigerian Exchange Limited ended on a negative note.
Depreciation in the share price of BUA Cement and MTB Nigeria by 10% and 9% respectively contributed to the negative sentiment.
Have You Read: Stock Market Investors Lost ₦773bn To Close Bearish.
The All Share Index declined by 1.23% to settle at 98,751.98 from the previous close of 99,980.30.
Market Capitalisation closed at ₦54.027 trillion. An aggregate of 363,180,975 units of shares was traded in 9,023 deals valued at ₦6.66 billion
The market breadth closed positive as 47 equities gained while 8 equities declined in share prices.
Gainers And Losers
The Initiate and FTN Cocoa Processors Plc gained 10% growth each to close at ₦1.98 and ₦1.65 respectively.
Juli, Champion Breweries, Transcorp, and PZ Cussons Plc gained as their share prices grew by 9.97%, 9.94%, 9.93%, and 9.93% respectively.
BUA Cement and Conoil Plc share prices declined by 10% each to close at ₦135.00 and ₦90.90 respectively.
MTN Nigeria, Thomas Wyatt, and Sovereign Trust Insurance Plc shed their share prices by 9.96%, 9.78%, and 6.52% respectively.
Volume Drivers
Transcorp Plc traded about 56.398 million units of its shares in 676 deals, valued at ₦783.482 million.
You May Also Like: Investors Lost ₦2trn On The Stock Market Last Week.
Access Bank Holding Plc traded about 31.759million units of its shares in 577 deals, valued at ₦667.568 million
Fidelity Bank Plc traded about 28.061 million units of its shares in 367 deals, valued at ₦297.528 million
