Stock market advances by 0.13%, as investors gain N71bn

Date:

April 23, 2024.

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Azonuchechi Chukwu.

Transactions on the floor of the Nigerian Stock Market on Monday closed on a positive note as the All Share Index advanced by 0.13% to close at 99,665.05 points from the previous close of 99,539.75 points.

Investors gained N71 billion as the Market Capitalisation grew by 0.13% to close at N56.367 trillion from the previous close of N56.296 trillion.

An aggregate of 306.6 million units of shares were traded in 8,298 deals, valued at N5.3 billion.

Market Breadth

The market breadth closed negative as 16 equities appreciated in their share prices against 19 equities that declined in their share prices.

Percentage Gainers

Japaulgold led other gainers with 9.58% growth, closing at N1.83 from the previous close of N1.67.

GTCO and FTN Cocoa among other gainers also grew their share prices by 9.55% and 8.76% respectively.

Percentage Losers

THE INITIATE PLC led other price decliners as it shed 10.00% of its share price to close at N1.80 from the previous close of N2.00.

Prestige Assurance and OMATEK among other price decliners also shed their share prices by 9.84% and 9.52% respectively.

Volume Drivers

GTCO traded 50 million units of its shares in 630 deals, valued at about N1.77 billion.

ACCESSCORP traded 48 million units of its shares in 951 deals, valued at N815.9 million.

UBA traded about 41.7 million units of its shares in 776 deals, valued at 956 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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