Investors Loses N304bn as All Share Index plunges by 0.53%

Date:

April 16, 2024.

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Azonuchechi Chukwu.

The Nigerian equities market on Monday closed lower again as the All Share Index plunged by 0.53% to settle at 101,777.12 points from the previous close of 102,314.56 points on Friday.

The Market Capitalization declined by 0.53% to close at N57.561 trillion from the previous close of N57.865 trillion, thereby shedding N304 billion.

Aggregate volume of traded stocks was 326.6 million units, down by 55.50% from the previous close of 734 million units, while the value of traded stock at the close of the market today stood at N7 billion in 10,777 deals.

Market Breadth

The market breadth closed negative as 10 equities gained while 32 equities declined in their share prices.

Percentage Gainers

UPDC led other percentage gainers with 10.00% growth, closing at N1.43 from the previous close of N1.30

MORISON, Nem Insurance and DAAR COMMUNICATION among other few gainers grew their share prices by 9.77%, 8.90% and 7.69% respectively.

Percentage Losers

Fidelity Bank led other percentage price losers, shedding 10.00% of it share price to close the day at N9.00 from previous close of N10.00.

Jaiz Bank, RT BRISCO and GTCO among other price decliners shed their share prices by 9.69%, 8.47% and 7.73% respectively.

Volume Drivers

UBA traded about 42 million units of its shares in 708 deals, valued at N1.18 billion.

TRANSCORP traded about 27.6 million units of its shares in 621 deals, worth about N396 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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