ABC Transport leads gainers as stock market closes flat


July 11, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market on Wednesday closed flat as ABC Transport tops the gainers’ chart with a positive market breadth.

The All Share Index closed at 99,802.08 points with no significant difference from the previous close of 99,805.95 points.

The Market Capitalisation stands at N56.457 trillion at the close of trading today without much difference from N56.459 trillion recorded on Tuesday.

An aggregate of 935 million units of shares were traded in 8,160 deals, valued at N11.8 billion.

The Market Breadth closed positive as 26 equities appreciated in their share prices against 22 equities that declined in their share prices.

Percentage Gainers

ABC Transport led other gainers with 10.00% growth, closing at N0.77 from the previous close of N0.70.

ETERNA OIL, Livestock Feeds and VITAFOAM among other gainers also grew their share prices by 9.88%, 9.63%% and 9.44% respectively.

Percentage Losers

THOMASWYAT led other price decliners as it shed 10.00 of its share price, closing at N2.16 from the previous close of N2.40.

DAAR COMMUNICATION, CWG and Royal Exchange among other price decliners also shed their share prices by 8.77%, 5.48% and 4.11% respectively.

Volume Drivers

Fidelity Bank traded about 698 million units of its shares in 594 deals, valued at N7.27 billion.

Zenith Bank traded about 36 million units of its shares in 484 deals valued at N1.34 million.

UBA traded about 26 million units of its shares in 485 deals, valued at N604 million.(

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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