Share price appreciation of Guinness Nigeria Plc and 15 other stocks wasn’t able to prevent losses at the stock market.

Investors lost approximately ₦‎35 billion when trade ended.

Stock Market Investors Lose ₦‎35bn
An image of stock brokers trading on the floor of the stock market.

The reason businessmen and investors continue to strive is simply so they can make more or get more profit.

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Sadly, there are days such plans fail. One of such days is Thursday, April 18, 2024, when the stock market closed on a negative note.

The All-Share Index declined by 0.06%, settling at 99,845.91 from the previous close of 99,908.89.


Similarly, the Market Capitalisation closed at ₦‎56.470 trillion.

At least 16 stocks appreciated while the share prices of about 19 others declined.

Gainers And Losers 

Guinness Nigeria Plc led other gainers with 10% growth to close at ₦‎55.00.

Neimeth Pharmaceutical, Morison Industries, and IEI Plc amongst other gainers also grew their share prices by 9.76%, 9.73%, and 9.30% respectively.


United Capital Plc led the price decliners, shedding 9.73% off its share price to close at ₦‎18.10.

Consolidated Hallmark Holdings, CWG, and Chams Holding Plc shed their share prices by 9.70%, 9.52%, and 9.14% respectively.


Volume Drivers

Access Holdings Plc traded about 43.980 million units of its shares in 703 deals, valued at ₦‎766.170 million.

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Guaranty Trust Holding Company (GTCO) Plc traded about 32.790 million units of its shares in 677 deals, valued at ₦‎1.142 billion.

United Bank for Africa (UBA) Plc traded about 24.445 million units of its shares in 688 deals, valued at ₦‎649.954 million.


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