The equities market began the new trading week with bearish sentiment on Monday August 19, 2024 as investors lost N746bn at the end of trading session.
This follows a dip in the share prices of stocks like DANGCEM, NSLTECH AFRIPRUD amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to N54,381 trillion from N55,131 trillion recorded by the bourse on Friday, August 16, 2024.
The All-Share Index (ASI) also decreased to 95,779.79 from 97,100.31 recorded the previous trading day.
The market breadth was positive as 31 stocks advanced and 18 stocks declined, while 66 stocks remained unchanged in 9, 291 deals.
CUTIX, RT BRISCOE and SKYAVN led other gainers with 10% growth each in share prices to close at N2.64, N1.87, and N26.40 from the previous prices of N2.40, N1.70, and N24.00 per share.
On the flip side, DANGCEM, NSLTECH AFRIPRUD led other price decliners as they shed 10%, 9.76%, 9.68% each to close at N532.00, N0.37 and N8.40 from the initial prices of N591.10, N0.41, and N9.30 per share.
On the volume index, GTCO led trading with 59m shares valued at N2.727bn in 338 deals followed by WEMABANK which traded 25m shares in 465 deals valued at N155mn .
ACCESSCORP traded 24m shares valued at N471mn in 647 deals.
On the value index GTCO recorded the highest value for the day trading stocks worth N2.727bn in 338 deals followed by ZENITHBANK which traded equities worth N534mn in 527 deals.
UBA traded shares valued at N529mn in 506 deals.
By: Babajide Okeowo
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