Stock market records First decline,down by 0.20%


May 26, 2023.

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Azonuchechi Chukwu.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from preceding day’s high of 52,927.60 points and N28.819trillion to 52,821.64 points and N28.761trillion.

While the NGX ASI decreased by 0.20 percent, the value of listed stocks on the Nigerian Exchange Limited (NGX) decreased by N58billion.

The market’s positive return year-to-date (YtD) decreased to +3.06 percent. Conoil topped the league of laggards after its share price moved down from N48.40 to N43.60, losing N4.80 or 9.92percent.

Unilever Nigeria also dropped from a high of N15.70 to N14.40, losing N1.30 or 8.28percent. Eterna was down from N7.25 to N6.80, losing 45kobo or 6.21percent. PZ was down from N18 to N16.90, down by N1.10 or 6.11percent.

UBA, Access Corporation, Zenith Bank, GTCO and Geregu were top-5 traded stocks on Thursday. In 5,879 deals, investors exchanged 377,136,295 shares valued at N9.178billion.(

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247news
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at 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 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'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'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 team.

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