Nigerian Stock Market Appreciates by 0.05%

Date:

July 3, 2024.

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Azonuchechi Chukwu.

Transactions on the floor of the Nigerian Exchange on Tuesday closed on a positive note as The All Share Index rose by 0.05% to close at 100,067.77 points from the previous close of 100,020.83 points.

The Market Capitalisation appreciated by 0.05% to close at N56.607 trillion from the previous close of N56.581 trillion, thereby gaining N26 billion.

An aggregate of 365.6 million units of shares were traded in 8,665 deals, valued at N8 billion.

The Market Breadth closed negative as 22 equities appreciated in their share prices against 24 equities that declined in their share prices.

Percentage Gainers

Cornerstone Insurance led other gainers with 10.00% growth to close at N2.09 from the previous close of N1.90.

Jaiz Bank, WAPIC and FIDSON among other gainers also grew their share prices by 9.95%, 9.59% and 9.26% respectively.

Percentage Losers

RTBRISCOE led other price decliners as it shed 9.86% of its share price to close at N0.64 from the previous close of N0.71.

CUTIX and C & I Leasing among other price decliners also shed their share prices by 6.82% and 6.25% respectively.

Volume Drivers

Universal Insurance traded about 61.5 million units of its shares in 126 deals, valued at about N24 million.

AIICO Insurance traded about 31.7 million units of its shares in 175 deals, valued at N32.5 million.

UBA traded about 25.9 million units of its shares in 486 deals, valued at about N581.9 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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