Nigerian Bourse grows by 0.30% as Investors Gain 196bn

Date:

May 1, 2024.

Thank you for reading this post, don't forget to subscribe!

Azonuchechi Chukwu.

The Nigerian Bourse on Tuesday grew from the lose position it closed on Monday to a positive note as The All Share Index advanced by 0.35% closing at 98,225.63 points against the previous close of 97,879.94 points.

Investors gained N196 billion as market capitalisation also soared to N55.553 trillion from N55.357 trillion of the previous session.

The volume and value of traded stocks stood at 552 million units and N14.9 billion in 9,350 deals.

Market Breadth

28 stocks closed positive against 18 that declined, bringing the market breadth to a positive round up.

Percentage Gainers

CAP, UACN, LEARNAFRICA and NAHCO led the gainers chart with 10.00% growth each.

Conoil, Julius Berger and UPDCREIT among other gainers also grew their share prices by 9.96%, 9.94% and 9.88% respectively.

Percentage Losers

Dangote Sugar led other price decliners, shedding 9.95% of its share price to close at N38.90 from the previous close of 43.20.

CWG, VITAFOAM and Honeywell Flour also shed their share prices by 9.82%, 9.81% and 9.74% respectively.

Volume Drivers

GTCO traded about 245 million units of its shares in 470 deals, valued at N7.9 billion.

FBNH traded about 45 million units of its shares in 521 deals, valued at about N1 billion.

ACCESSCORP traded about 42.9 million units of its shares in 800 deals, valued at N728 million. (www.naija247news.com).


Discover more from Naija247news

Subscribe to get the latest posts to your email.

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.

Share post:

Subscribe

Popular

More like this
Related

Northeast Governors Decry Neglect, Call for Urgent Action

  Governors of the six North East states have decried...

Minister Alake Engages State Governors to Boost Regional Mining Sector Cooperation

  In a significant step towards fostering cooperation and constitutional...

Usyk Wins Unanimous Decision, Becomes Undisputed Heavyweight Champion

Oleksandr Usyk, the former undisputed champion at cruiserweight, has...

Edo Governor Obaseki to Fund N70,000 Minimum Wage with Government Expenditure Savings

Governor Godwin Obaseki of Edo State has unveiled plans...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading