Stock Market extends Gain, All Share Index Grows By 0.30%

Date:

July 16, 2024.

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

Azonuchechi Chukwu.

The Nigerian stock market on Monday extended the bullish trend as the All Share Index grew by 0.30% to close at 99,966.28 points from the previous close of 99,671.28 points.

The Market Capitalisation appreciated by 0.30% to close at N56.608 trillion from the previous close of N56.441 trillion, thereby adding N167 billion.

An aggregate of 362 million units of shares were traded in 8,405 deals, valued at N7.4 billion.

The Market Breadth closed positive as 29 equities emerged as gainers against 15 equities that declined in their share prices.

Percentage Gainers

CUTIX led other gainers with 9.96% growth to close at N5.08 from the previous close of 4.62.

Ikeja Hotel, Royal Exchange and Sunu Assurance among other gainers also grew their share prices by 9.45%, 8.96% and 8.40% respectively.

Percentage Losers

CHELLARAM led other price decliners as it sheds 9.76% of its share price to close at N3.70 from the previous close of N4.10.

ABBEYBUILDING and Jaiz Bank among other price decliners also shed their share prices by 7.04% and 5.78% respectively.

Volume Drivers

GTCO traded about 67 million units of its shares in 432 deals, valued at N3 billion.

ACCESSCORP traded about 44 million units of its shares in 878 deals, valued at N854 million.

FCMB traded about 27 million units of its shares in 159 deals, valued at N203 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 State Government Links Atan-Lusada-Agbara Road to Lagos-Badagry Expressway

The Ogun State Government has successfully connected the Agbara...

Tito Jackson, Founding Member of the Jackson 5, Dies at 70

Tito Jackson, a founding member of the legendary Jackson...

Cubana Chiefpriest’s Donald’s Fast Food Restaurant Shut Down in Lagos for Environmental Violations

LASEPA Shuts Down The Lagos State Environmental Protection Agency (LASEPA)...

President Tinubu Returns to Abuja After China and UK Diplomatic Visits

President Bola Tinubu has returned to Abuja following his...