There is a saying “that when a goat walks back during a fight, it is trying to regain strength”. This is evident in the way the stock market moved within the week.
The Nigerian Exchange Limited (NGX) began the trading week and recorded losses for three consecutive days.
But halted the losing streak in the stock market on Thursday after making gains of about ₦74 billion.
Losses dampen one’s spirit but making gains while trading is a beautiful sight to behold.
Investors left the trading floor on Thursday with their shoulders high after halting a three-day losing streak.
Have You Read: NGX Trade Closes Negative As ASI Declines By 0.28%
The Stock market transactions closed positive with the All-Share Index appreciating by 0.13%, to close at 104,387.47.
While the Market Capitalisation gained ₦74 billion to close at ₦59.022 trillion.
About 328,192,29 units of shares were traded in 8,688 deals valued at ₦8.94 billion.
Gainers And Losers
Juli Plc led other gainers with 10% growth to close at ₦7.15 from its previous price of ₦6.50.
Transcorp, International Energy Insurance, and E-Tranzact Plc amongst other gainers also grew their share prices by 9.96%, 9.66%, and 9.65% respectively.
Deap Capital Plc led other price decliners, as it shed 10% off its share price to close at ₦0.63, from its previous close of ₦0.70.
Tourist Company of Nigeria, Computer Warehouse Group (CWG, and Caverton Offshore Support Group Plc amongst other losers also shed their share prices by 9.86%, 9.09%, and 8.57% respectively.
Volume Drivers
United Bank for Africa Plc traded about 63.882 million units of its shares in 773 deals, valued at ₦1.722 billion.
You May Also Like: NGX: Stock Market Declined By 0.04% As Investors Lost ₦239bn
Access Bank Holding Plc traded about 32.020 million units of its shares in 543 deals, valued at ₦750.038 million.
Zenith Bank Plc traded about 21.772 million units of its shares in 496 deals, valued at ₦846.995 million.
