Stock Market Dips Further, All Share Index Declines by 1.09%


April 15, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market last week was down as 40 stocks shed weights.

The All Share Index and Market capitalization declined by 1.09% and 1.08% to settle at 102,314.56 trillion and N57.865 trillion from 103,437.67 and N58.498 respectively.

An aggregate of 1.132 billion units of shares were traded in 21,921 deals, valued at N28.6 billion.

The market breadth closed negative as only 19 stocks gained against 40 stocks that declined in their share prices week on week.


MORISON led other gainers in the course of last week with 20.75% growth, closing at N2.56 from the previous close of N2.12.

OANDO, TRANSCORP, DEAPCAP and OMATEK grew their share prices by 10.57%, 10.33%, 9.68% and 8.97% respectively.

Others among the top 10 gainers include: CAVERTON 7.23%, DAAR COMMUNICATION 6.56%, CWG 5.93%, Linkage Assurance 5.56% and LASACO 4.48% respectively.


ACCESSCORP led other price decliners, shedding 14.60% of its share price to close at N19.30 from the previous close of N22.60.

UCAP, GTCO, Flour mills and Sunu Assurance shed 13.92%, 13.75%, 13.55% and 13.24% respectively.

Other price decliners include: Regency Alliance (11.63%), FBNH (11.15%), Mutual Benefits (10.94%), Consolidated Hallmark Holdings (10.83%) and Multiverse (10.13%) respectively.(

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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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