Stock market declines by 0.16%


June 12, 2024.

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Azonuchechi Chukwu.

Tuesday’s trading activities on the floor of the Nigerian stock market closed bearish as the All Share Index declined by 0.16% to close at 99,630.51 points from the previous close of 99,793.71 points.

The Market Capitalisation declined by 0.16% to close at N56.360 trillion from the previous close of N56.452 trillion, thereby shedding N92 billion.

An aggregate of 849 million units of shares were traded in 8,064 deals, valued at about N16.6 billion.

The Market Breadth closed positive as 29 equities emerged as gainers against 19 equities that declined in their share prices.

Percentage Gainers

Total Energy led other gainers with 9.98% growth to close at N388.90 from the previous close of 353.60.

PRESCO, UPDC and FTN Cocoa among other gainers also grew their share prices by 9.97%, 9.92% and 9.65% respectively.

Percentage Losers

NASCON led other price decliners as it shed 9.91% of its share price to close at N36.80 from the previous close of N40.85.

THOMASWYAT and May & Baker among other price decliners also shed their share prices by 9.66% and 7.13% respectively.

Volume Drivers

Fidelity Bank traded about 293 million units of its shares in 340 deals, valued at N2.9 billion.

Nigerian Breweries traded about 101.6 million units of its shares in 145 deals, valued at N2.9 billion.

Zenith Bank traded about 74 million units of its shares in 568 deals, valued at N2.6 billion.(

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247news
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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