Stock market Opens week on positive note, closes 0.22% higher

Date:

May 9, 2023.

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Azonuchechi Chukwu.

Nigeria’s stock market opened the new trading week on a positive note, with  All-Share Index closing at 0.22% higher to settle at 52,579.52 compared with 52,465.31 it closed on Friday.

The market capitalisation grew by N62 billion to close at N28.630 trillion, from N28.568 trillion recorded in the previous session.

Aggregate volume and value of traded stocks settled at 511 million units and N7 billion in 5,883 deals.

Market Breadth

Market Breadth closed positive as 29 stocks gained against 17 stocks that declined at the end of the day’s trading

Percentage Gainers

MULTIVERSE led the gainers chart with 10.00% growth to close at N3.41 from the previous close of N3.10

Redstar Express, CWG and MCNICHOLS also gained above other stocks by 9.96%, 9.85% and 9.23% respectively.

Percentage Losers

C & I Leasing tops the decliners’ list shedding 9.80% of its share price to close at N3.59 from N3.98.

TRANSCORP, FTN Cocoa and CHAMS also shed 7.73%, 6.90% and 6.45% respectively, ahead of other price decliners.

Volume Drivers

ACCESSCORP traded about 167.6 million units of its shares in 830 deals, valued at about N1.9 billion.

FBNH traded about 91 million units of its shares in 136 deals, valued at about N1 billion.

UBA traded about 78 million units of its shares in 515 deals, valued at about N623 million.(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://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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