GSK retains three straight consecutive gains despite market decline

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For three consecutive trading session, the Nigerian stock market has experience continuous decline as the All Share Index on Wednesday closes 1.07% lower settling at 40,802.08 points against the previous close of 41,243.24 points on Tuesday.

As a result, investors lost about N159 billion as the market capitalisation declined by 1.07%, closing at N14.740 trillion as against N14.899 trillion of the previous trading session.

Although volume of trade stocks grew by 51.66%, value declined by 11.72% settling at N3.657 billion.

Market Breadth

18 stocks closed positive against 29 that lost, bringing the market breadth to a negative round up.

Percentage Gainers

For three straight sessions, GSK has been leading the gainers’ chart. Today it closed at N34, advancing 10.03% above the previous close of N30.9 on Tuesday.

Wema Bank grew 9.41% and Eterna Plc grew 5.56% ahead other stocks like Unilever, PZ, Cadbury and Unity Kapital Assurance.

Percentage Losers

Japaul Oil tops the losers’ chart losing 8.45% of its share price, while Guaranty and Mutual Benefits Assurance both shed 7.07% and 5.41% respectively.

Champion Breweries has the highest traded volume of about 153 million units of shares and Guaranty Trust Bank stocks recorded about N531 million in value.

 

 

 

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