Nigerian stock market closes bearish, All Share Index decline by 1.50%


February 7, 2024.

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Azonuchechi Chukwu.

Tuesday’s trading activities on the floor of the Nigerian stock market closed bearish again as the All Share Index declined by 1.50% to close at 102,108.05 points from the previous close of 103,659.81 points.

The Market Capitalisation declined by 1.50% to close at N55.872 trillion from the previous close of N56.721 trillion, thereby shedding N849 billion.

An aggregate of 494 million units of shares were traded in11,761 deals, valued at about N7.6 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 46 equities that declined in their share prices.

Percentage Gainers

JULI and CADBURY led other gainers with 10.00% growth each to close at N0.77 and N24.20 from the previous close of 0.70 and N20.00 respectively.

MEYER, DAAR COMMUNICATION and CAP among other gainers also grew their share prices by 9.94%, 9.09% and 4.58% respectively.

Percentage Losers

BUACEMENT and Consolidated Hallmark Holdings led other price decliners as they shed 10.00% each of their share prices to close at N166.50 and N1.53 from the previous close of N185.00 and N1.70 respectively.

Sterling Bank and UPDC among other price decliners also shed their share prices by 9.85% and 9.79% respectively.

Volume Drivers

Jaiz Bank traded about 90.8 million units of its shares in 433 deals, valued at N227 million.

GTCO traded about 32.9 million units of its shares in 418 deals, valued at N1.3 billion.

FBNH traded about 27.5 million units of its shares in 385 deals, valued at N702 million.(

Azonuchechi Chukwu
Azonuchechi Chukwu
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at 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 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'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'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 team.

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