Stock Market Sheds N252bn as NGXASI Declines by 0.48%


April 5, 2024.

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Azonuchechi Chukwu.

The equity market on Thursday closed on a bearish note as the All Share Index declined by 0.48% to settle at 103,736.08 points from the previous close of 104,181.32 points.

The Market Capitalisation declined by 0.48% to close at N58.653 trillion from the previous close of N58.905 trillion, thereby shedding N252 billion.

An aggregate of 487.7 million units of shares were traded in 8,908 deals, valued at N15.6 billion.

The Market Breadth closed negative as 23 equities appreciated in their share prices against 26 equities that declined in their share prices.

Percentage Gainers

MORISON led other gainers with 9.84% growth to close at N2.12 from the previous close of N1.93.

SCOA, International Energy Insurance, Nem Insurance and THE INITIATES among other gainers also grew their share prices by 9.77%, 9.72%, 9.50% and 8.70% respectively.

Percentage Losers

C & I Leassing led other price decliners as its shed 9.79% of its share price to close at N3.50 from the previous close of N3.88.

Mutual Benefits and TANTALIZER among other price decliners also shed their share prices by 8.57% and 7.89% respectively.

Volume Drivers

Zenith Bank traded about 161.7 million units of its shares in 527 deals, valued at N7 billion.

GTCO traded about 54 million units of its shares in 476 deals, valued at about N2.7 billion.

UBA traded about 47.8 million units of its shares in 494 deals, valued at N1.3 billion.(

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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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