Stock Market Gains N97bn, All Share Index Grows By 0.18%

Date:

August 8, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market on Wednesday bounced back from the previous days decline as the All Share Index grew by 0.18% to close at 97,098.98 points from the previous close of 96,928.52 points.

The Market Capitalisation appreciated by 0.18% to close at N55.130 trillion from the previous close of N55.033 trillion, thereby gaining N97 billion.

An aggregate of 636.5 million units of shares were traded in 9,744 deals, valued at 12.8 billion.

The Market Breadth closed positive as 27 equities emerged as gainers against 22 equities that declined in their share prices.

Percentage Gainers

Redstar Express led the gainers chart with 10.00% growth, closing at N4.18 from the previous close of N3.80.

OANDO, RTBRISCOE and UCAP also grew their share prices by 9.98%, 9.90% and 9.90% respectively.

Percentage Losers

NEIMETH led other price decliners as it shed 7.69% of its share price to close at N1.80 from the previous close of N1.95.

Honeywell Flour and Sovereign Trust Insurance among other price decliners also shed their share prices by 6.10% and 5.56% respectively.

Volume Drivers

UCAP traded about 74 million units of its shares in 1424 deals, valued at N1.2 billion.

ACCESSCORP traded about 74 million units of its shares in 665 deals, valued at N2 billion.

GTCO traded about 74 million units of its shares in 456 deals, valued at N3.3 billion.(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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