Stock market closes bearish, All Share Index declined by 0.38%

Date:

April 9, 2024.

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Azonuchechi Chukwu.

The Nigerian Stock Exchange Market on Monday closed on bearish note as The All Share Index declined by 0.38% to close at 104,046.98 points from the previous close of 103,437.67 points.

Investors lose N221 billion as the Market Capitalisation dropped by 0.38% to close at N58.277 trillion from the previous close of N58.498 trillion.

At the close of trade on Monday, an aggregate of 397.9 million units were traded in 9,430 deals, valued at N7 billion.

The Market Breadth closed negative as 17 equities emerged as gainers while 24 equities declined in their share prices.

Percentage Gainers

MORISON led other price decliners as it shed 9.91% growth to close at N2.33 from the previous close of N2.12.

OMATEK, CWG, Linkage Assurance and Sterling Bank above other gainers also grew their share prices by over 5.00%.

Percentage Losers

Abbey Building led other price decliners as it shed 9.75% of its share price to close at N2.50 from the previous close of N2.77

Champion Breweries and Regency Alliance among other price decliners also shed their share prices by 9.68% and 9.30% respectively

Volume Drivers

Abbey Building traded about 137 million units of its share in 48 deals, valued at N343 million.

GTCO traded 33 million units of its shares in 575 deals, valued at about N1.55 billion.

ACCESSCORP traded about 32 million units of its shares in 947 deals, valued at N728 million.(www.naija247news.com).


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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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