Stock market gains N1.55tn, returns 5.37% WtD


June 5, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market last week closed on a bullish note. The positive vibration started just after the inauguration of President Tinubu on May 29, 2023.

The All Share Index and Market Capitalisation grew by 5.37% week on week to 55,820.50 points and N30.395 trillion respectively.

An aggregate of 2.59 billion units of shares were traded in 35,122 deals, valued at N46.6 billion.

The market breadth closed positive as 66 stocks emerged as gainers against 23 stocks that declined in their share prices.


CONOIL led other gainers in the course of last week with 45.78% growth, closing at N69.90 from the previous close of N47.95.

Eterna Oil, Jaiz Bank, MRS and NIEMETH grew their share prices by 32.14%, 30.00%, 20.83% and 20.14% respectively.

Other top 10 gainers include: Transcorp Hotel 19.07%, CWG 17.65%, Okomu Oil 16.03%, Academy Press 15.85% and Sterling Bank 15.56% respectively.


Tantalizer led other price decliners, shedding 16.00% of its share price to close at N0.21 from the previous close of N0.25.

Consolidated Hallmark Insurance, Prestige Assurance, NPF Microfinance and Champion Breweries shed 11.48%, 8.89%, 8.85% and 7.42% respectively.

Other top 10 price decliners include: International Energy Insurance (6.98%), WAPIC (6.12%), CUTIX (6.00%), CAP PLC (5.50%) and MCNICHOLS (5.48%) respectively.

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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