Stock market dips by 1.51%

Date:

August 19, 2024.

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Azonuchechi Chukwu.

Trading on the floor of the Nigerian Exchange last week closed bearish as 46 equities shed their weights.

The All Share Index and Market capitalization dipped by 1.51% to settle at 97,100.31 points and N55.978 trillion respectively.

An aggregate of 2.033 billion units of shares were traded in 45,157 deals, valued at N42.15 billion.

The market breadth closed negative as 39 stocks gained against 46 stocks that declined in their share prices.

TOP 10 GAINERS

RTBRISCOE led other gainers in the course of last week with 33.86% growth, closing at N1.70 from the previous close of N1.27.

TOTAL, Julius Berger, Guinea Insurance and University Press grew their share prices by 19.65%, 18.18%, 17.65% and 12.39% respectively.

Other top 10 gainers include: NASCON 11.59%, ETERNA OIL 11.11%, Dangote Sugar (10.76%), SFSREIT 9.96% and Champion Breweries 9.75% respectively.

TOP 10 LOSERS

CUTIX led other price decliners, shedding 17.50% of its share price to close at N4.95 from the previous close of N6.00.

BUACEMENT, OANDO, LEARNAFRICA and CHAMS shed their share prices by 14.82%, 11.70%, 10.89% and 10.22% respectively.

Other price decliners include: CADBURY Plc (9.95%), Academy Press (9.03%), CWG (8.73%), DEAPCAP (8.51%) and International Breweries (7.95%) 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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