Tuesday, April 16, 2024, was another sad day for investors in the stock market as over 49 stocks declined at the close of trade.

Fidelity Bank, Cornerstone Insurance and Japaul-Gold Ventures were among the major decliners for the day.


As the market capitalisation and All-share index further plummeted.

An image of stock market trade chart, showing how the market is nose-diving

Transaction on the floor of the Stock Exchange, sustained eight-day consecutive bearish sentiment and closed on a negative note.

The All-Share Index declined by 1.04%, settling at 100,717.21 basis points from the previous close of 101,778.47 basis points.

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Market Capitalisation closed at ₦‎56.448 trillion.

An aggregate of 403 million units of shares was traded in 10,170 deals valued at ₦‎8.381 billion

Gainers And Losers 

Morison Industries Plc led other gainers with 9.96% growth to close at ₦3.09.

Thomas Wyatt also enjoyed a share price rise of about 8.63%.


Also, Universal Insurance and Omatek Ventures Plc amongst other gainers grew their share prices by 5.56% and 3.45% respectively.

Vitafoam Nigeria, Fidelity Bank, and Ellah Lakes led other price decliners as shedding 10% each off their share prices to close at ₦18.90, ₦8.10 and ₦3.15 respectively.


Japaul-Gold Ventures and Cornerstone Insurance Plc also had their share prices fall by 10%, to close at ₦1.80, and ₦1.71 respectively

Flourmills Nigeria, Oando, and Livestock Feeds Plc amongst other losers also shed their share prices by 9.79%, 9.70%, and 9.60% respectively.

Volume Drivers

Access Holdings Plc traded about 62.928 million units of its shares in 1,109 deals, valued at ₦1.074 billion.

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Guaranty Trust Holding Company (GTCO) Plc traded about 47.383 million units of its shares in 667 deals, valued at ₦1.742 billion.

United Bank for Africa (UBA) Plc traded about 45.631 million units of its shares in 938 deals, valued at ₦1.056 billion.

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