Stock market marginally down, returns 0.05%


May 22, 2023.

Azonuchechi Chukwu.

The Nigerian stock market closed last week marginally lower as losses in Airtel Africa, PRESCO and other 25 stocks shed weight.

The All Share Index was down by 0.05% to stand at 52,187.93 from 52,214.62 recorded previously

Market capitalization declined also by 0.05% to settle at N28.417 trillion from N28.431 trillion in the week before.

An aggregate of 3 billion units of shares were traded in 29,505 deals, valued at N33.6 billion.

The market breadth closed positive as 44 stocks gained against 27 stocks that declined in their share prices.


FTN Cocoa led other gainers in the course of last week with 37.50% growth, closing at N0.44 from the previous close of N0.32.

Ikeja Hotel, PZ, Livestock Feeds and Cornerstone Insurance grew their share prices by 30.13%, 28.00%, 27.45% and 23.08% respectively.

Other among the top 10 gainers include: CADBURY 21.32%, MRS 20.89%, NCR 20.70%, Nigerian Breweries 18.38% and MANSARD 17.13% respectively.


CWG led other price decliners, shedding 25.60% of its share price to close at N1.54 from the previous close of N2.07.

ARDOVA, May & Baker, Honeywell Flour and MCNICHOLS shed 23.67%, 10.11%, 9.67% and 9.33% respectively.

Other price decliners include: Consolidated Hallmark Insurance (8.82%), Academy Press (8.38%), Fidelity Bank (6.46%), Champion Breweries (6.43%) and Airtel Africa (6.00%) respectively.(

Azonuchechi Chukwu
Azonuchechi Chukwu
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

Share post:




More like this

AJIKE OWENS: White Woman Arrested In Florida For Shooting Of Black Neighbor

Family members demanded justice at a press conference Monday...

CBN allows naira to weaken 2% to record low

ABUJA - Nigeria's central bank allowed the naira...

Nigeria’s dollar earnings, reserves dwindles as imports surge

Nigeria’s dollar earnings and reserves are dwindling and...
Verified by MonsterInsights