Nigerian Stock Market Dips Further, All Share Index Declines by 0.35%

Date:

July 15, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market last week dropped by 0.35% as SEPLAT and other 37 stocks shed weight.

The All Share Index and Market capitalization declined by 0.35% and 0.25% to settle at 99,671.28 and N56.441 trillion from previous close of 100,022.03 and N56.581 respectively.

An aggregate of 2.77 billion units of shares were traded in 40,794 deals, valued at N54 billion.

The market breadth closed negative as 34 stocks gained against 38 stocks that declined in their share prices WoW.

TOP 10 GAINERS

Livestock Feeds led other gainers in the course of last week with 44.97% growth, closing at N2.35 from the previous close of N1.85.

ABC Transport, Eterna Oil, VITAFOAM and CAVERTON grew their share prices by 21.31%, 18.42%, 17.78% and 17.04% respectively.

Others among the top 10 gainers include: CUTIX 10.00%, LEARNAFRICA 10.00%, CADBURY 9.94%, OMATEK 9.23% and Linkage Assurance 8.57% respectively.

TOP 10 LOSERS

African Prudential led other price decliners, shedding 17.78% of its share price to close at N7.40 from the previous close of N9.00.

PZ, THOMASWYAT, CWG and TANTALIZER shed 10.00%, 10.00%, 9.80% and 9.62% respectively.

Other price decliners include: TRANSCORP (8.95%), CHAMS (8.82%), Ikeja Hotel (8.63%), GUINNESS (7.14%) and Champion Breweries (6.99%) respectively.(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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