Investors Lose N113bn as All Share Index plunges by 0.20%

Date:

July 10, 2024.

Thank you for reading this post, don't forget to subscribe!

Azonuchechi Chukwu.

The Nigerian equities market on Tuesday closed lower again as the All Share Index plunged by 0.20% to settle at 99,805.95 points from the previous close of 100,006.79 points on Monday.

The Market Capitalization declined by 0.20% to close at N56.459 trillion from the previous close of N56.572 trillion, thereby shedding N113 billion.

Aggregate volume of traded stocks was 422.7 million units, down by 38.74% from the previous close of 690 million units, while the value of traded stock at the close of the market today stood at N53.9 billion in 8,256 deals.

Market Breadth

The market breadth closed positive as 28 equities gained while 24 equities declined in their share prices.

Percentage Gainers

Champion Breweries led other percentage gainers with 9.97% growth, closing at N3.31 from the previous close of N3.01

CADBURY, ETERNA OIL and International Energy Insurance among other gainers grew their share prices by 9.94%, 9.87% and 9.86% respectively.

Percentage Losers

African Prudential led other percentage price losers, shedding 10.00% of its share price to close the day at N8.10 from previous close of N9.00.

UACN, RT BRISCOE and Ikeja Hotel among other price decliners shed their share prices by 7.28%, 7.14% and 5.41% respectively.

Volume Drivers

Fidelity Bank traded about 34 million units of its shares in 383 deals, valued at N340.6 million.

GTCO traded about 24 million units of its shares in 491 deals, worth about N1 billion.

OANDO traded about 19 million units of its shares in 501 deals, valued at N326.6 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.

Share post:

Subscribe

Popular

More like this
Related

Ogun, IFAD inaugurate cassava processing centre for farmers

July 12, 2024. Azonuchechi Chukwu. Ogun Government in collaboration with the...

Over 22 dead, 132 rescued from Plateau school building collapse

July 12, 2024. Azonuchechi Chukwu. The Plateau State Government has confirmed...

U.S. Advisory Council on African Diaspora Engagement to Visit Nigeria

United States of America: President’s Advisory Council on African...

Patoranking celebrated as he becomes UNDP Regional Goodwill Ambassador for Africa

July 12, 2024. Azonuchechi Chukwu. Nigerian singer Patrick Nnaemeka Okorie, better...
× How can I help you?