Stock Market Declines Further, All Share Index Drops by 0.09%

Date:

June 26, 2024.

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Azonuchechi Chukwu.

Tuesday’s trading activities on the floor of the Nigerian stock market closed bearish again as the All Share Index declined by 0.09% to close at 99,217.60 points from the previous close of 99,305.12 points.

The Market Capitalisation declined by 0.09% to close at N56.126 trillion from the previous close of N56.176 trillion, thereby shedding N49 billion.

An aggregate of 361.6 million units of shares were traded in 8,511 deals, valued at about N6 billion.

The Market Breadth closed positive as 27 equities emerged as gainers against 23 equities that declined in their share prices.

Percentage Gainers

Okomu Oil led other gainers with 10.00% growth to close at N291.50 from the previous close of 265.00.

JOHNHOLT, Consolidated Hallmark Holding and Secure Electronic Technology among other gainers also grew their share prices by 9.79%, 9.43% and 9.09% respectively.

Percentage Losers

OANDO led other price decliners as it sheds 9.75% of its share price to close at N12.50 from the previous close of N13.85.

University Press and Academy Press among other price decliners also shed their share prices by 9.09% and 8.00% respectively.

Volume Drivers

TRANSCORP traded about 47.5 million units of its shares in 562 deals, valued at N581.9 million.

GTCO traded about 37.9 million units of its shares in 258 deals, valued at N1.6 billion.

FBNH traded about 27 million units of its shares in 659 deals, valued at N548 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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