Stock Market Advances, All Share Index Grows By 0.07%

Date:

August 27, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market on Monday advanced marginally as the All Share Index grew by 0.07%, closing at 96,037.28 points from the previous close of 95,973.45 points.

Investors gained N37 billion as the Market Capitalisation appreciated by 0.07% to close at N55.166 trillion from the previous close of N55.129 trillion.

An aggregate of 390.5 million units of shares were traded in 9,242 deals, valued at N3.88 billion.

The Market Breadth closed positive as 28 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

ETERNA OIL led other gainers with 10.00% growth, closing at N23.10 from the previous close of N21.00

Okomu Oil, RTBRISCOE, OANDO among other gainers also grew their share prices by over 9.99%, 9.96% and 9.93% respectively.

Percentage Losers

TRANSCORP POWER led other price decliners as it sheds 9.99% of its share price to close at N335.20 from the previous close of N372.40.

Abbey Building and UCAP among other price decliners also shed their share prices by 9.96% and 8.35% respectively.

Volume Drivers

VERITAS KAPITAL traded about 67 million units of its shares in 212 deals, valued at about N90 million.

JAPAULGOLD traded about 24 million units of its shares in 260 deals, valued at about N58 million.

FCMB traded about 20 million units of its shares in 124 deals, valued at N155.7 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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