• Business - Market Data
  • Updated: November 12, 2021

Stock Market Summary: Bearish Slide Continues As ASI Fall By 0.10%

Stock Market Summary: Bearish Slide Continues As ASI Fall By

The market opened trading on Thursday, November 11, 2021, with a rather optimistic belief. Trading started with a high from yesterday trading of 43,709.28 basis point only for the bulls to experience exhaustion as the bears took control of market sentiment to close trading with an ASI of 43,609.06 basis point. This represented a -0.10% drop in All Share Index from yesterday figure.


The result from all parameters showed a drop in all indices as the volume of shares traded fell from Tuesday's 271million valued at over N5.62billion to close at 161million valued at N2.14billion exchanged in 1,325 deals.


The most traded stocks were FBNH, TRANSCORP, ZENITH BANK, ACCESS BANK, and STERLING BANK with the sales volume of 28.2million, 23.5million, 12.5million, 9.3million and 8.3million respectively.


While MTNN led the most active trade chart with 2.1m volume of shares valued at N405.3million sold, which represented a drastic drop from the previous day trade where MTNN's stock traded were worth N1.49billion.  FBNH, ZENITHBANK and GTCO closed trade with sales volume of 28.2million, 12.5million, and 7.3million valued at N322.1million, N301.2million, and N198.9million respectively.


Top gainer stocks with the most profit for investors were UNITYBANK, FINCOCOA, UNIVINSURE, WAPCO and UPDC with sales volume of 1.1m, 667.7k, 2.3m, 1.4m, 721.9k valued at N661.4k, N289.7k, N486.2K, N35.8m and N1.2m. UNITYBANK topped the gainers chart as its share grew by 7.27% in value.


Top losers was dominated by CORNERST, CATIX, and ETRANSACT with -8.77%, -8.06%, and -7.32% percentage loss in share value.

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