Stock market declines marginally by 0.08%

Date:

July 24, 2024.

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Azonuchechi Chukwu.

It was a bearish session on the floor of the Nigerian stock market on Tuesday as the All Share Index declined by 0.08% to close at 100,486.12 points from the previous close of 100,568.60 points.

The Market Capitalisation was down also by 0.08% closing at N56.899 trillion from the previous close of N56.945 trillion, thereby shedding N46 billion.

An aggregate of 280.9 million units of shares were traded in 8,403 deals, valued at N3.6 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 27 equities that declined in their share prices.

Percentage Gainers

Ikeja Hotel led other gainers with 7.58% growth to close at N7.10 from the previous close of 6.60.

Linkage Assurance, CAVERTON and Sovereign Trust Insurance among other gainers also grew their share prices by 6.90%, 5.00% and 4.17% respectively.

Percentage Losers

University Press led other price decliners as it shed 9.92% of its share price to close at N2.27 from the previous close of N2.52.

JOHNHOLT, OMATEK and DEAPCAP among other price decliners also shed their share prices by 9.87%, 9.46% and 8.93% respectively.

Volume Drivers

UCAP traded about 20.9 million units of its shares in 721 deals, valued at N817 million

ACCESSCORP traded about 20.4 million units of its shares in 875 deals, valued at N394 million.

Fidelity Bank traded about 14 million units of its shares in 320 deals, valued at N149.6 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.

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