Stock Market Sheds N89bn, All Share Index Down by 0.16%


May 23, 2024.

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Azonuchechi Chukwu.

It was a bearish session on the floor of the Nigerian stock market on Wednesday as The All Share Index was down by 0.16% to close at 98,128.00 points from the previous close of 98,285.33 points.

The Market Capitalisation declined by 0.16% to close at N55.509 trillion from the previous close of N55.598 trillion, thereby shedding N89 billion.

An aggregate of about 271.7 million units of shares were traded in 7,383 deals, valued at N5.4 billion.

The Market Breadth closed negative as 15 equities emerged as gainers against 22 equities that declined in their share prices.

Percentage Gainers

TANTALIZER led other gainers with 8.00% growth to close at N0.54 from the previous close of 0.50.

WAPIC and OMATEK among other gainers also grew their share prices by 7.81% and 7.69% respectively.

Percentage Losers

THE INITIATES 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.

MULTIVERSE, Cornerstone Insurance and DEAPCAP among other price decliners also shed their share prices by 9.82%, 9.52% and 9.09% respectively.

Volume Drivers

ACCESSCORP traded about 35.6 million units of its shares in 606 deals, valued at N607.6 billion.

Zenith Bank traded about 35 million units of its shares in 854 deals, valued at N1.1 billion.

GTCO traded about 35 million units of its shares in 403 deals, valued at N1.3 billion.(

Azonuchechi Chukwu
Azonuchechi Chukwu
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at 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 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'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'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 team.

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