Stock market returns 1.12% as Investors gain N410bn WtD

Date:

October 16, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market last week closed on a bullish note as the All Share Index and Market Capitalisation grew by 1.12% week on week to 67,200.69 points and N36.920 trillion respectively.

An aggregate of 1.47 billion units of shares were traded in 29,413 deals, valued at N24.430 billion.

The market breadth closed positive as 38 stocks emerged as gainers against 33 stocks that declined in their share prices.

TOP 10 GAINERS

THOMASWYAT led other gainers in the course of last week with 30.84% growth, closing at N2.80 from the previous close of N2.14.

ABC Transport, Consolidated Hallmark Insurance, BUACEMENT and MCNICHOLS grew their share prices by 23.08%, 12.75%, 12.55% and 10.00% respectively.

Other top 10 gainers include: Capital Hotel 9.82%, University Press 9.77%, ELLAHLAKE 9.57%, Nigerian Breweries 9.09% and COURTVILLE 9.09% respectively.

TOP 10 LOSERS

Prestige Insurance led other price decliners, shedding 10.00% of its share price to close at N0.45 from the previous close of N0.50.

Royal Exchange, PRESCO, FTN Cocoa and DAAR Communication shed 9.62%, 9.54%, 8.89% and 8.70% respectively.

Other top 10 price decliners include: Regency Alliance (8.11%), CUSTODIAN (5.88%), ECOBANK (5.31%), Sterling Bank (5.14%) and ETRANZACT (4.26%) respectively.(www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://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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