The stock market has now sustained a seven-day consecutive sentiment closing on a negative note.
At the moment investors will be praying for a supernatural intervention concerning the recurring losses they are experiencing.
The market capitalisation and the All-share index declined at the end of trading on Monday, April 15, 2024.
The stock market continued its bearish run on Monday, with a loss of ₦300 billion with the share price of about 32 stocks declining.
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At the end of trade on Monday, investors lost a whooping ₦300 billion, while the market capitalisation dipped to ₦57.561 trillion.
Similarly, the All Share Index declined by 0.52%, settling at 101,778.47 from the previous close of 102,314.56.
An aggregate of 326,639,575 units of shares was traded in 10,777 deals valued at ₦7.169 billion in the stock market.
Gainers And Losers
UPDC Plc led other gainers with 10% growth to close at ₦1.43 from its previous price of ₦1.30.
Morison Industries and NEM Insurance led the other gainers growing their share prices by 9.97% and 8.90% respectively.
Also, the share price of Daar Communications Plc rose by 7.69%.
Fidelity Bank Plc led other price decliners as it shed 10% off its share price to close at ₦9.00, from its previous close of ₦10.00.
Jaiz Bank, R.T. Briscoe, and Guaranty Trust Holding Company (GTCO) Plc amongst other losers also shed their share prices by 9.69%, 8.47%, and 7.73% respectively.
Volume Drivers
United Bank for Africa (UBA) Plc traded about 42.254 million units of its shares in 708 deals, valued at ₦1.109 billion.
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Transcorp Plc traded about 27.562 million units of its shares in 621 deals, valued at ₦396.168 million.
Access Holdings Plc traded about 24.620 million units of its shares in deals, valued at ₦465.806 billion.
