The surge in Transcorp hotels shares price and unit of shares traded, raised the stock market out of the red zone.
Investors will most probably sleep well tonight after seeing the results of trade.
Transaction on the floor of the Stock Exchange on Thursday, April 24, 2024, closed on a Positive note.
The All Share Index appreciated by 0.05%, settling at 98,169.30 from the previous close of 98,121.30.
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This brings the year-to-date to 31.71%, the month-to-date to negative 6.11%, and the week-to-date to negative 1.31% respectively.
Today’s data shows 25% decline in volume, 32% decline in turnover, and 6% decline in deals.
The current market capitalisation of the market is ₦‎55.521 trillion.
An aggregate of 297 million units of shares was traded in 7,417 deals valued at ₦‎6.516 billion.
Share Price Gainers And LosersÂ
Transcorp Hotels Plc led other gainers with 10% growth to close at ₦‎96.50 from its previous price of ₦‎87.93
Livestock Feeds, Tantalizers, and Sunu Assurance Plc also grew their share prices by 9.42%, 9.38%, and 7.44% respectively.
Sterling Financial Holdings Plc led the price decliners as it shed 9.69% off its share price to close at ₦‎3.82 from its previous close of ₦‎4.23.
CWG, IEI, and The Initiate Plc among other losers shed their share prices by 9.57%, 9.30%, and 9.09% respectively.
Volume Drivers
Zenith Bank Plc traded about 48.489 million units of its shares in 577 deals, valued at ₦‎1.772 billion.
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Access Holdings Plc Plc traded about 39.876 million units of its shares in 732 deals, valued at ₦‎639.980 million
Transcorp Plc traded about 28.473 million units of its shares in 267 deals, valued at ₦‎397.343 million
