The share prices of not less than 28 stocks declined at the close of trading activities on Monday.
This led to losses as investors lost ₦51 billion at the stock market trade on Monday.
Well, brokers claim that the fear of the outcome of the Monetary Policy Committee contributed to Investors trading with caution.
The ongoing Monetary Policy Committee (MPC) could have affected Monday’s trading activities.
Considering the challenges facing the nation’s economy, you could say investors traded cautiously in the stock market which led to losses.
Trading activities closed negative on Monday, February 26, 2024, at the Stock Exchange as investors lost ₦51 billion.
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The All-Share Index declined by 0.09% to settle at 101,995.21 from the previous close of 102,088.07.
Market Capitalisation closed at ₦55.811 trillion. An aggregate of 294,324,992 units of shares was traded in 9,957 deals valued at ₦6.722 billion.
Gainers And Losers
NASCON Allied Industries Plc led other gainers with 10% growth each to close at ₦66.00 from its previous price of ₦60.00.
Juli, FBN Holding, and Coronation Insurance Plc amongst other gainers also grew their share prices by 9.83%, 9.68%, and 8.96% respectively.
Meanwhile, Nestle Nigeria Plc share price declined by 10% to close at ₦990.00 from its previous close of ₦1,100.00.
Eterna, Fidson Healthcare, and Computer Warehouse Group (CWG) Plc all witnessed share prices drop by 9.97%, 9.82%, and 9.56% respectively.
Volume Drivers
FBN Holding Plc traded about 73.835 million units of its shares in 750 deals, valued at ₦2.416 billion.
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UBA traded about 20.670 million units of its shares in 421 deals, valued at 493.051 million.
Zenith Bank traded about 20.625 million units of its shares in 635 deals, valued at ₦731.406 million.
