Market halts 5 straight sessions of gains, All Share Index decline by 0.44%

Date:

November 29, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market on Tuesday halt five consecutive sessions of gains as profit taking in Dangote Cement largely contributed to the drop in The All Share Index by 0.44% to close at 71,041.05 points from the previous close of 71,353.81 points.

The Market Capitalisation declined by 0.44% to close at N38.875 trillion from the previous close of N39.040 trillion, thereby shedding N165 billion.

An aggregate of 534.6 million units of shares were traded in 8,136 deals, valued at N5.6 billion.

The Market Breadth closed negative as 19 equities emerged as gainers against 40 equities that declined in their share prices.

Percentage Gainers

Secure Electronic Technology led other gainers with 10.00% growth to close at N0.66 from the previous close of N0.60.

MECURE and Sunu Assurance among others grew their share prices by 9.99% and 9.68% respectively.

Percentage Losers

OMATEK led other price decliners as it sheds 10.00% of its share price to close at N0.81 from the previous close of N0.90.

Ikeja Hotel and NEIMETH among other price decliners also shed their share prices by 9.87% and 9.87% respectively.

Volume Drivers

UBA traded about 36 million units of its shares in 456 deals, valued at N774 million.

TRANSCORP traded about 46.6 million units of its shares in 306 deals, valued at N309.9 million.

ACCESSCORP traded about 52.4 million units of its shares in 574 deals, valued at N942.8 million.(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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