Stock market closes bearish with market cap down N35,540trn
August 9, 2023436 views0 comments
By Cynthia Ezekwe .
The Nigerian Stock Exchange (NSE) ended the day with a bearish performance as it lost N15 billion in its market capitalisation to settle at N35,540 trillion.
The All-share Index (ASI) depreciated 27.06 points to close at 65,309.65 points from the 65,336.71 points recorded on Monday.
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An aggregate of 317.81 million units of shares were exchanged in 6,376, valued at N4.47 billion.
The top three stocks by volume were ACCESSCORP, STERLINGNG and UNIVINSURE. STERLINGNG had the highest volume of 49.35 million shares, followed by STERLINGNG with 43.82 million shares, and UNIVINSURE with 28.86 million shares.
Meanwhile, GUINNESS was the top gainer for today with a 10 per cent increase in its share price, closing at N60.50 per share, while NSLTECH recorded the highest decline, with a 10 per cent decrease in its share price to close at N0.27 per share.
Guinness’ led the gainers chart as it appreciated by N5.50 kobo to close at N60.50 kobo per share; Glaxo SmithKline grew by N0.95 kobo, to close at N10.70 kobo per share; Chellaram grew by N3.72 kobo to close at N0.33 kobo; TIP gained 9.72 per cent to end trading at N0.79 kobo; while Universal Insurance’s stock was up 9.09 per cent, closing at N0.24 kobo.
On the contrary, NSLTECH topped the losers table as it depreciated by 10 per cent, to close at N0.27 kobo per share; NNFM declined by N1.35 kobo to end trading at N12.30 kobo per share; John Holt shed N0.14 kobo to close at N1.33 kobo per share; Tantalizer declined by 8.33 per cent to end trading at N0.33 kobo per share; while Mutual Benefit’s share lost 7.69 per cent to close at N0.48 kobo per share.