Stock Market Closed March With N10bn Loss

Following the global pandemic affecting the global economy, the closing report of the Nigerian Stock Exchange for March ended with a loss of  N10billion naira.

The market performance indices, NSE ASI, dropped by 0.14% as market breadth closed negative with nine gainers and 11 losers.

Consequently, the All-Share Index dropped by 30.32 basis points or 0.14% from 21,330.79 index points the previous day to 21,300.47 while the market capitalisation of equities depreciated by N16bn to close at N11.1tn from N11.11tn.

Similarly, the banking subsector dominated in volume terms with 328 million shares exchanged in 756 deals with Sterling Bank Plc and GTBank Plc playing a dominating role in the exchange 

However,  Zenith Bank Plc and UBA Plc followed with 63 million units traded in 1,519 deals boosted up the activities of premium subsectors leaving the record of investors exchanged a total of 422 million shares in 3,448 deals.

Also, GSK Nigeria Plc recorded 10% to close at N4.40 per share which is a lead record in the gainers' chart while May and Baker Plc followed with 9.74 % to close at N2.14 per share and NEM Insurance Plc with a gain of 9.52% to close at N2.07 per share.

On the other hand, Jaiz Bank Plc recorded a drop of 9.43% to close at 48 kobo per share leading the losers' chart. While Ikeja Hotel Plc followed with a loss of 9.09% to close at 90 kobo per share while Courtville Business Solution Plc dropped by 4.76% to close at 20 kobo per share.