Stock Market Advances, All Share Index Grows by 0.71%

Date:

June 17, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market last week closed on a positive note, driven by gains in 51 stocks.

The All Share Index and Market capitalization grew by 0.71% to settle at 99,925.29 points and N56.527 trillion respectively.

An aggregate of 2.6 billion units of shares were traded in 33,709 deals, valued at N43.65 billion.

The market breadth closed positive as 51 stocks gained against 24 stocks that declined in their share prices.

TOP 10 GAINERS

CUTIX led other gainers last week with 28.21% growth, closing at N4.00 from the previous close of N3.12.

Regency Alliance Insurance, CHAMS, TOTAL and FTN Cocoa grew their share prices by 23.68%, 23.38%, 20.96% and 20.18% respectively.

Other top 10 gainers include: GUINNESS 19.19%, VERITAS KAPITAL 17.46%, PRESCO 17.39%, UPDCREIT 17.28% and DEAPCAP 16.67% respectively.

TOP 10 LOSERS

DAAR COMMUNICATION led other price decliners, shedding 17.46% of its share price to close at N0.52 from the previous close of N0.63.

C & I Leasing, CUSTODIAN, Ecobank and NASCON shed 14.72%, 10.95%, 10.48% and 9.91% respectively.

Other price decliners include: Academy Press (9.85%), CWG (9.40%), May & Baker (7.13%), CADBURY (4.69%) and MTN Nigeria (4.04%) 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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