Stock Market Declines by 0.44% as 26 Stocks Shed Weight

Date:

June 25, 2024.

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Azonuchechi Chukwu.

Nigerian stock market on Monday declined as 23 stocks led by International Breweries shed weight.

The All Share Index dropped by 0.44% to close at 99,304.12 points from the previous close of 99,743.05 points.

The Market Capitalisation declined by 0.44% to close at N56.175 trillion from the previous close of N56.424 trillion, thereby shedding N249 billion.

An aggregate of 973.6 million units of shares were traded in 9,941 deals, valued at N19 billion.

The Market Breadth closed negative as 20 equities emerged as gainers against 26 equities that declined in their share prices.

Percentage Gainers

Secure Electronic Technology led other gainers with 10.00% growth to close at N0.55 from the previous close of 0.50.

VFDGROUP, JOHNHOLT and THOMASWYAT among other gainers also grew their share prices by 9.85%, 9.58% and 9.52% respectively.

Percentage Losers

Eterna Oil led other price decliners as it shed 10.00% of its share price to close at N3.96 from the previous close of N4.40.

DEAPCAP, DAAR COMMUNICATION and BETAGLASS among other price decliners also shed their share prices by 8.93%, 8.77% and 8.62% respectively.

Volume Drivers

FBNH traded about 627.6 million units of its shares in 561 deals, valued at N13 billion.

BETAGLASS traded about 35.7 million units of its shares in 16 deals, valued at N1.89 billion.

VERITALS KAPITAL traded about 35 million units of its shares in 293 deals, valued at N33 million.(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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