Nigeria Stock Exchange

Nigeria Stock Market advances,All Share Index grows by 0.93%

By: Chukwu Azochukwu, The Naija247news

Date:

September 14, 2023

September 14, 2023.

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Azonuchechi Chukwu.

The Nigerian Bourse recovered from the decline in the last two sessions of 1.24% and 0.80% on Monday and Tuesday to advance by 0.93%.

The All Share Index grew by 0.93% closing at 67,378.88 points against the previous close of 66,760.20 points.

Investors gained N339 billion as market capitalisation also soared to N36.877 trillion from N36.538 trillion of the previous session.

The volume and value of traded stocks stood at 569.6 million units and N8.7 billion in 8,404 deals.

Market Breadth

34 stocks closed positive against 23 that declined, bringing the market breadth to a positive round up

Percentage Gainers

Dangote Sugar, NASCON, UCAP & NAHCO led the gainers chart with 10.00% growth each.

TRANSCORP, CWG and Cornerstone Insurance also grew their share prices by 9.98%, 9.96% and 9.91% respectively.

Percentage Losers

COURTVILLE led other price decliners, shedding 10.00% of its share price to close at N0.54 from the previous close of N0.60.

ABC Transport, TANTALIZER and LEARNAFRICA also shed their share prices by 9.80%, 9.30% and 8.51% respectively.

Volume Drivers

OANDO traded about 143 million units of its shares in 1,337deals, valued at N1.4 billion.

ACCESSCORP traded about 63.6 million units of its shares in 353 deals, valued at about N1 billion.(www.naija247news.com).

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Chukwu Azochukwu, The Naija247news https://gravatar.com/azonuchechivchukwu

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

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