Stock Market Grows Further, All Share Index Closes higher by 0.33%

Date:

December 13, 2023.

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Azonuchechi Chukwu.

Activities on the floor of Nigerian Exchange on Tuesday grew further as the All-Share Index closed 0.33% higher to settle at 71,907.26 compared to 71,669.91 recorded on Monday.

The market capitalisation rose by N130 billion or 0.33% to close at N39.349 trillion from N39.219 trillion recorded in the last session.

Aggregate volume and value of traded stocks settled at 319.6 million units and N5.88 billion in 6,498 deals.

Market Breadth

Market Breadth closed negative as 24 stocks gained against 25 stocks that declined in their share prices at the end of the day’s trading

Percentage Gainers

INFINITY, SCOA and DAAR COMMINIATION led the gainers chart with 9.79%, 9.465 and 8.82% growth respectively.

Royal Exchange, NEIMETH, and University Press also made it to the green table, gaining 8.47%, 7.89% and 7.42% respectively.

Percentage Loser

Guinea Insurance tops the price decliners’ list, shedding 10.00% of its share price to close at N0.27 from N0.30.

Still on the red table are; Conoil, Juli and OMATEK, shedding 9.83%, 9.72% and 6.75% respectively, ahead of other price decliners.

Volume Drivers

Julius Berger traded about 43 million units of its shares in 42 deals, valued at about N1.46 billion.

Zenith Bank traded about 23 million units of its shares in 458 deals, valued at about N812 million.

FCMB traded about 23 million units of its shares in 176 deals, valued at about N155 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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