Stock market advances by 0.35%, as investors gain N98bn


May 23, 2023.

Azonuchechi Chukwu.

Transactions on the floor of the Nigerian Stock Market on Monday closed on a positive note as the All Share Index advanced by 0.35% to close at 52,369.13 points from the previous close of 52,187.93 points last Friday.

Investors gained N98 billion as the Market Capitalisation grew by 0.34% to close at N28.515 trillion from the previous close of N28.417 trillion.

An aggregate of 318 million units of shares were traded in 5,847 deals, valued at N4 billion.

Market Breadth

The market breadth closed positive as 31 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

Ikeja Hotel led other gainers with 9.85% growth, closing at N2.23 from the previous close of N2.03.

Academy Press, Prestige Assurance and NPF Microfinance Bank also grew their share prices by 9.80%, 9.76% and 9.71% respectively.

Percentage Losers

NCR led other price decliners as it shed 9.71% of its share price to close at N2.79 from the previous close of N3.09.

Sovereign Trust Insurance and NEIMETH among other price decliners also shed their share prices by 8.89% and 7.33% respectively.

Volume Drivers

Zenith Bank traded 53 million units of its shares in 544 deals, valued at about N1.4 billion.

ACCESSCORP traded 48 million units of its shares in 445 deals, valued at N486 million.

UBA traded about 31 million units of its shares in 360 deals, valued at 262 million.(

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

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