GSK retains three straight consecutive gains despite market decline


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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