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.

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Whatever excuse you may want to give, investors would still not be happy for the huge losses recorded.

NGX Is Open For Business, Popoola Tells Investors

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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.

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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.

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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.

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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.

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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

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