Equity Market Sheds Weight, All Share Index Dips By 1.20%

Date:

April 25, 2024.

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Azonuchechi Chukwu.

The equity market on Wednesday closed on a bearish note as the All Share Index dipped by 1.20% to settle at 98,121.30 points from the previous close of 99,311.54 points.

The Market Capitalisation declined by 1.20% to close at N55.494 trillion from the previous close of N56.167 trillion, thereby shedding N673 billion.

An aggregate of 395.8 million units of shares were traded in 7,907 deals, valued at N9.58 billion.

The Market Breadth closed positive as 22 equities appreciated in their share prices against 19 equities that declined in their share prices.

Percentage Gainers

NEMETH, THE INITIATE and Sunu Assurance led other gainers with 10.00% growth each to close at N1.98, N1.98 and N1.21 above their previous close respectively.

CAP and UPDC among other gainers also grew their share prices by 9.90% and 9.76% respectively.

Percentage Losers

NTM Nigeria and Transcorp Hotel led other price decliners, as they shed 10.00% each of their share prices to close at N201.60 and N87.93 from the previous close of N224.00 and N97.70.

OANDO, FBNH and FIDSON among other price decliners also shed their share prices by 9.90%, 9.82% and 9.75% respectively.

Volume Drivers

GTCO traded about 81 million units of its shares in 444 deals, valued at about N2.9 billion.

Zenith Bank traded about 46 million units of its shares in 560 deal, valued at N1.69 billion.

UBA traded about 41.6 million units of its shares in 717 deals, valued at N953.5 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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