Stock market sheds N49bn, All Share Index Decline by 0.08%

Date:

April 1, 2024.

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Azonuchechi Chukwu.

Trading on the floor of the Nigerian Exchange last week closed marginally bearish as MTN Nigeria and 30 other stocks closed the week lower.

The All Share Index and Market capitalization declined by 0.08% to settle at 104,562.06 points and N59.121 trillion respectively.

An aggregate of 1.8 billion units of shares were traded in 38,549 deals, valued at N52 billion.

The market breadth closed positive as 40 stocks gained against 31 stocks that declined in their share prices.

TOP 10 GAINERS

CWG led other gainers in the course of last week with 26.05% growth, closing at N7.50 from the previous close of N5.95.

MORISON, JULI, SUNU Assurance and Consolidated Hallmark Holdings grew their share prices by 24.82%, 20.74%, 17.24% and 16.43% respectively.

Other top 10 gainers include: Secure Electronic Technology 16.36%, TANTALIZER 13.51%, CAVERTON 12.50%, ELLAHLAKE 12.12% and Zenith Bank 11.39% respectively.

TOP 10 LOSERS

International Breweries led other price decliners, shedding 14.26% of its share price to close at N4.45 from the previous close of N5.19.

Dangote Sugar, Guinea Insurance, Northern Nigerian Flour Mills and FTN Cocoa shed their share prices by 11.86%, 10.26%, 9.97% and 9.09% respectively.

Other price decliners include: CHAMS (8.57%), CUTIX (8.45%), TRANSCORP (8.09%), FBNH (8.02%) and NGXGROUP (6.96%) respectively.(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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