Stock Market Sheds N21bn, All Share Index Declines 0.04%


July 8, 2024.

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Azonuchechi Chukwu.

Trading of equities on the floor of the Nigerian Exchange last week closed bearish as the All Share Index and Market capitalization declined by 0.04% to settle at 100,022.03 points and N56.581 trillion respectively.

An aggregate of 2.26 billion units of shares were traded in 42,851 deals, valued at N31 billion.

The market breadth closed negative as 37 stocks gained against 45 stocks that declined in their share prices.


VERITAS KAPITAL led other gainers in the course of last week with 25.00% growth, closing at N1.15 from the previous close of N0.92.

CONOIL, Jaiz Bank, WAPIC and AIICO Insurance grew their share prices by 20.48%, 19.49%, 17.91% and 13.40% respectively.

Other top 10 gainers include: OANDO 13.33%, THE INITIATES 12.64%, Regency Alliance 12.60%, African Prudential 9.76% and IMG 9.24% respectively.


UPDCREIT led other price decliners, shedding 17.43% of its share price to close at N4.50 from the previous close of N5.45.

Ikeja Hotel, LASACO, Julius Berger and Mutual Benefits shed their share prices by 12.03%, 9.80%, 9.59% and 8.96% respectively.

Other price decliners include: Consolidated Hallmark Holding (8.48%), University Press (8.40%), UPDC (7.91%), CUSTODIAN (6.86%) and May & Baker (6.61%) respectively.(

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247news
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at 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 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'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'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 team.

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