Stock Market Gains N954bn, All Share Index Grows By 1.73%

Date:

June 3, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market last week closed on a bullish note as the All Share Index and Market Capitalisation grew by 1.73% week on week to 99,300.38 points and N56.172 trillion respectively.

An aggregate of 2.189 billion units of shares were traded in 39,362 deals, valued at N31.3 billion.

The market breadth closed positive as 45 stocks emerged as gainers against 25 stocks that declined in their share prices.

TOP 10 GAINERS

Fidelity Bank led other gainers in the course of last week with 22.89% growth, closing at N10.20 from the previous close of N8.30.

Dangote Sugar, NASCON, FCMB and UBA grew their share prices by 20.51%, 20.15%, 17.68% and 15.63% respectively.

Other top 10 gainers include: FBNH 14.67%, Consolidated Hallmark Holdings 14.29%, SEPLAT 13.67%, OANDO 11.85% and COURTVILLE 11.76% respectively.

TOP 10 LOSERS

C & I Leasing led other price decliners, shedding 13.66% of its share price to close at N2.97 from the previous close of N3.44.

NPF Microfinance Bank, FTN Cocoa, LEARNAFRICA and FIDSON shed 11.11%, 8.33%, 6.25% and 5.40% respectively.

Other top 10 price decliners include: WAPCO (3.43%), Guinea Insurance (3.23%), ABC Transport (3.08%), LASACO (2.96%) and CAVERTON (2.86%) respectively.(www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://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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