Ikeja Hotel led other stocks, despite market decline of 0.25%, Wednesday


For two straight consecutive sessions this week, Ikeja Hotel  has led other percentage gainers on the floor of the Nigerian Stock Exchange; beginning from Tuesday with 9.68% price appreciation and Wednesday with 9.8% growth.

Trading activities closed red as the All Share Index declines 0.25% to close at 40,150.55 points below the previous close of 40,249.29 points of Tuesday.

Market capitalization also declined by 0.25% to settle at N14.544 trillion as against N14.580 trillion of the last trading session, shedding N36 billion.

Other market indicators showed the aggregate volume of traded stocks declined by 5.18% while the total value of traded stocks appreciated by 14.23%, settling at 266.703 million units and N4.674 billion respectively.


Market Breadth

The market breadth closed weak as 15 stocks gained while 28 lost.

Percentage Gainers

Ikeja Hotel led other percentage gainers closing 9.80% above the previous close of N2.04, to settle at N2.24

MRS grew 4.87% and First Aluminum grew 4.55% ahead other stocks like Niger Insurance, John Holt and Mutual Benefits.

Percentage Losers

UACN tops the losers’ chart losing 8.52% of its share price, while CHAMS, C&I Leasing and Unity bank shed 5%, 4.93% and 4.90% respectively.

Volume Drivers

Ikeja Hotel traded 45.8 million units of its shares while Zenith traded about 20.1 million units in 354 deals, valued at about N560 billion.



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