Stock market declines by 1.42%, All-Share Index (ASI) depletes by 1,564.52 points

Date:

January 31, 2024.

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Azonuchechi Chukwu.

Nigerian stock market on Tuesday declined admits profit taking in 61 stocks,

The All Share Index dropped by 1.42% to close at 103,110.15 points from the previous close of 104,764.67 points.

The Market Capitalisation declined by N856 billion to close at N56.426 trillion from the previous close of N57.282 trillion.

An aggregate of 649 million units of shares were traded in 14,579 deals, valued at N11 billion.

The Market Breadth closed negative as 7 equities emerged as gainers against 61 equities that declined in their share prices.

Percentage Gainers

UPDC led other gainers with 8.11% growth to close at N2.00 from the previous close of N1.85.

GEREGU and Wema Bank among other gainers also grew their share prices by 4.61% and 1.21% respectively.

Percentage Losers

Linkage Assurance, MANSARD, ACCESSCORP, Sterling Bank, CAVERTON, NASCON and Guinea Insurance led other price decliners as they shed 10.00% each of their share prices.

GUINNESS, TRANSCORP and CHAMS among other price decliners also shed their share prices by 9.96%, 9.94 and 9.93% respectively.

Volume Drivers

JAPAULGOLD traded about 60 million units of its shares in 498 deals, valued at N179.5 million.

ACCESSCORP traded about 46.8 million units of its shares in 839 deals, valued at N1.209 billion.

TRANSCORP about 52 million units of its shares in 799 deals, valued at N763 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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