Wetin dey happen for our stock market na serious matter o! E no go funny again as investors don start to take profit, and e don make market capitalisation fall by N557bn, drop am to N105.89tn. E be like say dem no dey feel the vibe again!
The All-Share Index wahala no dey end as e fall by 870 points, come land for 165,397. This one don show say traders dey look sharp since market performance dey mix like jollof wey mixed with rice and beans. E no clear at all!
We no fit forget say dem exchange total of 768.2 million shares for 46,457 deals, wey carry market value wey reach N21.18bn. But make I yarn you, compared to Wednesday, trading volume don waka go down small by seven per cent, and turnover still gree decline by 15 per cent. But good news be say number of deals don improve by seven per cent, show say investors still get eye for opportunity, even with this pullback.
For the stock wey sabi shine well this week, 37 of our 131 NGX-listed equities don chop gain, while 39 fall for ground like they no get strength again. NCR Nigeria na the boss for gainers list, as e don rise well by 10 per cent, close for N188.15 per share. E get follow come from Union Homes Real Estate Investment, John Holt and Infinity Trust Mortgage Bank, all of dem dey enjoy same 10 per cent gain!
But no be everybody dey smile. If you check the losing side, Omatek Ventures don dey weep as dem record the largest decline of 9.4 per cent, come settle for N2.12 per share. Other companies wey no fit shine include International Energy Insurance wey drop by 6.06 per cent, while International Breweries dey lose ground too with 6 per cent fall, and N.E.M. Insurance Company no dey escape as e shed 5.6 per cent.
High trading volumes dey jolly for Access Holdings wey dey exchange 54.3 million shares, and Deap Capital Management & Trust no wan hear say e dey lose, as dem value dey reach 51.2 million shares. Tantalizers no dey rest too, as e don trade 41.9 million shares, while Omatek Ventures dey carry 33.5 million shares for market! E dey look like competition for who go dey top for the exchange.
Abeg, make we remember say Nigerian Exchange Limited don follow Wednesday’s trading session end for better side, as equities don gain small amidst broad-based buying interest wey raise market capitalisation by N6.88bn. Na wa o, the market wahala no be small!
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