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.
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.
