Stock Market Closes Lower By 0.24%, Sheds N133bn

Date:

May 15, 2024.

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Azonuchechi Chukwu.

Transactions on the floor of the Nigerian Exchange on Tuesday closed lower as the All Share Index declined by 0.24% to close at 97,473.98 points from the previous close of 97,709.38 points.

The Market Capitalisation declined by 0.24% to close at N55.132 trillion from the previous close of N55.265 trillion, thereby shedding N133 billion.

An aggregate of 306.6 million units of shares were traded in 7,951 deals, valued at N5.8 billion.

The Market Breadth closed positive as 22 equities emerged as gainers against 20 equities that declined in their share prices.

Percentage Gainers

TANTALIZER and LEARNAFRICA led other gainers chart with 10.00% growth each, closing at N0.55 and N3.63 from the previous close of N0.50 and N3.30 respectively.

MC NICHOLS and Regency Alliance among other gainers also grew their share prices by 9.89% and 9.37% respectively.

Percentage Losers

Dangote Sugar, PZ and THE INITIATES led other price decliners as they shed 10.00% each of their share prices.

Nem Insurance, CAVERTON and Royal Exchange among other price decliners also shed their share prices by 9.66%, 9.55% and 8.77% respectively.

Volume Drivers

ACCESSCORP traded about 33 million units of its shares in 746 deals, valued at N575.6 million.

GTCO traded about 32 million units of its shares in 828 deals, valued at N1.36 billion.

Nigerian Breweries traded about 27 million units of its shares in 163 deals, valued at N631.8 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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