Nigerian stock market sustains uptrend, Investors gain N138bn


May 24, 2023.

Azonuchechi Chukwu.

The Nigerian stock market on Tuesday closed positive making it three straight sessions of gains as the All Share Index rose by 0.48% to settle at 52,621.19 points from the previous close of 52,369.13 points on Monday.

Investors gain N138 billion as the market capitalisation grew by 0.48% to close at N28.653 trillion from the previous close of N28.515 trillion.

Aggregate volume of traded stocks stands at 350.97 million units in 5,946 deals, valued at N5.17 billion

Market Breadth

The market breadth closed positive as 33 equities appreciated in their share prices while 15 equities declined in their share prices.

Percentage Gainers

TRANSCORP led other gainers with 9.85% growth, closing at N2.90 from the previous close of N2.64

TRIPPLEG, UNILEVER and University Press among other gainers also grew their share prices by 9.83%, 9.70% and 9.63% respectively.

Percentage Losers

CHELLARAM led other price losers, shedding 9.94% of its share price to close at N1.63 from the previous close of N1.81.

Sunu Assurance, C & I Leasing and JAPAULGOLD among other price decliners also shed their share prices by 9.43%, 8.83% and 5.71% respectively.

Volume Drivers

UBA traded about 62 million units of its shares in 421 deals, valued at N511 million.

Zenith Bank traded about 49 million units of its shares in 536 deals, worth about N1.58 billion.

GTCO traded about 31.7 million units of its shares in 412 deals, valued N875 million.

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

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