Nigerian Bourse Advances Further, All Share Index grows by 2.38%

Date:

January 18, 2024.

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Azonuchechi Chukwu.

The Nigerian Bourse advanced further on Wednesday as The All Share Index soared by 2.38% closing at 90,063.25 points against the previous close of 87,971.09 points.

Consequently, investors gained N1.145 trillion as market capitalisation also soared to N49.284 trillion from N48.139 trillion of the previous session.

The volume and value of traded stocks stood at 1.3 billion units and N16 billion in 17,417 deals.

Market Breadth

47 stocks closed positive against 35 that declined, bringing the market breadth to a positive round up

Percentage Gainers

AIICO Insurance, Wema Bank, GUINNESS, Sunu Assurance and Honeywell Flour led the gainers to close at 10.00% growth each.

BUA Cement, May & Baker and TRANSCORP among other gainers also grew their share prices by 9.99%, 9.98% and 9.97% respectively.

Percentage Losers

RTBRISCOE led other price decliners, shedding 10.00% of its share price to close at N0.81 from the previous close of N0.90.

Dangote Sugar, NGXGROUP and Redstar Express also shed their share prices by 9.95%, 9.84% and 9.47% respectively.

Volume Drivers

Sterling Bank traded about 106 million units of its shares in 838 deals, valued at N800 million.

JAPAULGOLD traded about 101 million units of its shares in 553 deals, valued at about N268.8 million.

TRANSCORP traded about 90 million units of its shares in 494 deals, valued at about N1.58 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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