Stock Market rises further by 3.56%, Investors gain N1.567tn

Date:

January 10, 2024.

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Azonuchechi Chukwu.

Transactions on the floor of the Nigerian Exchange on Tuesday closed on a positive note again, driven by growth in the share price of MTN Nigeria, Dangote Cement and other 70 stocks on the green table.

The All Share Index rose by 3.56% to close at 83,191.84 points from the previous close of 80,328.57 points.

The Market Capitalisation appreciated by 3.56% to close at N45.524 trillion from the previous close of N43.957 trillion, thereby gaining N1.567 trillion.

An aggregate of 1.4 billion units of shares were traded in 17,144 deals, valued at N24.68 billion.

The Market Breadth closed positive as 72 equities appreciated in their share prices against 13 equities that declined in their share prices.

Percentage Gainers

FTN Cocoa, Mutual Benefits, Universal Insurance, FBNH, Guinea Insurance, CADBURY and UNILEVER led other gainers with 10.00% growth each.

Zenith Bank and Wema Bank among other gainers also grew their share prices by 9.99% and 9.99% respectively.

Percentage Losers

TOTAL ENERGY led other price decliners as it shed 10.00% of its share price to close at N346.50 from the previous close of N385.00.

DAAR COMMUNICATION and RTBRISCOE among other price decliners also shed their share prices by 9.40% and 8.45% respectively.

Volume Drivers

UBA traded about 117.7 million units of its shares in 1,196 deals, valued at about N3.78 billion.

FCMB traded about 129 million units of its shares in 574 deals, valued at N1.49 billion.

Fidelity Bank traded about 141.7 million units of its shares in 989 deals, valued at about N1.97 billion.(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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