Stock Market Rebounds, All Share Index Grows by 0.17%

Date:

June 27, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market on Wednesday bounced back from three sessions of loses as the All Share Index grew by 0.17% to close at 99,385.44 points from the previous close of 99,217.60 points.

The Market Capitalisation appreciated by 0.17% to close at N56.221 trillion from the previous close of N56.126 trillion, thereby gaining N95 billion.

An aggregate of 327 million units of shares were traded in 7,597 deals, valued at 4 billion.

The Market Breadth closed positive as 35 equities emerged as gainers against 13 equities that declined in their share prices.

Percentage Gainers

FTN Cocoa, OANDO and CWG led the gainers chart with 10.00% growth each, closing at N1.54, N13.75 and N6.60 respectively.

C & I Leasing and VERITAL KAPITA also grew their share prices by 9.33%, 9.09% and 9.96% respectively.

Percentage Losers

Secure Electronic Technology led other price decliners as it shed 10.00% of its share price to close at N0.54 from the previous close of N0.60.

Cornerstone Insurance and Royal Exchange among other price decliners also shed their share prices by 8.64% and 7.58% respectively.

Volume Drivers

ACCESSCORP traded about 45 million units of its shares in 462 deals, valued at N859 million.

AIICO Insurance traded about 24 million units of its shares in 160 deals, valued at N22.9 million.

GTCO traded about 13.9 million units of its shares in 254 deals, valued at N608 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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