Market sustains uptrend, returns 0.20% WtD


June 12, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market last week closed on a bullish note with 0.20% growth following two successive gains previously.

Year to date, the market has returned 9.13% with the All Share Index and Market Capitalisation at 55,930.97 points and N30.455 trillion respectively.

An aggregate of 2.196 billion units of shares in 31,655 deals, valued at N45.97 billion.

The market breadth closed positive as 52 equities emerged as gainers while 27 equities declined in their share prices.


ETERNA OIL led 51 other gainers in the course of last week as it gained 45.41% to close at N13.45 from the previous close of N9.25.

Unity Bank, FTNCOCOA, Secure Electronics Technology and Cornerstone Insurance grew their share prices by 44.00%, 40.91%, 38.46% and 37.35% respectively.

Others among top 10 gainers include: MANSARD 25.39%, JAPAULGOLD 23.08%, ETRANZACT 21.00%, Nem Insurance 21.00% and MRS 20.89% respectively.


JOHNHOLT led other price decliners as it shed 26.70% of its share price to close at N1.40 from the previous close of N1.91.

RTBRISCOE, SUNUN Assurance, COURTVILLE and MULTIVERSE among other price decliners shed their share prices by 10.53%, 10.42%, 9.80% and 9.54% respectively.

Others among top 10 price decliners include: CHELLARAM (9.52%), ABC Transport (9.30%), University Press (7.17%), GLAXOSMITH (5.30%) and OANDO (4.75%) 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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