Nigerian Bourse Declines, All Share Index Drops by 0.35%

Date:

April 24, 2024.

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Azonuchechi Chukwu.

It was bearish session on the floor of the Nigerian stock market on Tuesday as the All Share Index declined by 0.35% to close at 99,311.54 points against the previous close of 99,665.05 points on Monday.

The market capitalisation closed at N56.167 trillion, shedding 200 billion from N56.367 trillion recorded in the last session.

An aggregate of 574 million units of shares were traded in 7,324 deals, valued at N7.8 billion.

Market Breadth

The market breadth closed negative as 16 stocks gained against 25 that declined in their share prices.

Percentage Gainers

Sunu Assurance with 10.00% growth, led the gainers table to close at N1.10 from the previous close of N1.00.

JAPAULGOLD and CAP among other gainers also grew their share prices by 9.84% and 9.38% respectively.

Percentage Losers

Honeywell Flour, FBN, OANDO and FTN Cocoa ahead of other stocks shed their share prices by 9.89%, 9.88%, 9.82% and 9.40% respectively.

Volume Drivers

TRANSCORP traded about 125.7 million units of its shares in 467 deals, valued at about N1.89 billion.

UBA traded about 55 million units of its shares in 685 deals, valued at about N1.28 billion.

ACCESSCORP traded about 51 million units of its shares in 958 deals, valued at N833 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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