Stock market advances by 0.93%, investors gain N368bn


November 13, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market last week closed on a positive note, driven by gains in SEPLAT and other 36 stocks. The All Share Index and Market capitalization grew by 0.93% and 0.95% to settle at 70,849.38 points and N38.925 trillion respectively.

An aggregate of 2.52 billion units of shares were traded in 32,815 deals, valued at N45.30 billion.

The market breadth closed negative as 37 stocks gained against 43 stocks that declined in their share prices.


JAPAULGOLD led other gainers last week with 55.91% growth, closing at N1.98 from the previous close of N1.27.

RTBRISCOE, GLAXOSMITH, PZ and DEAPCAP grew their share prices by 39.53%, 29.44%, 15.00% and 14.81% respectively.

Other top 10 gainers include: OMATEK 14.29%, FBNH 12.36%, FCMB 11.11%, Prestige Assurance 9.76% and OANDO 9.09% respectively.


CAVERTON led other price decliners, shedding 13.64% of its share price to close at N1.33 from the previous close of N1.54.

Initiates Plc, Northern Nigerian Flourmills, MULTIVERSE and CADBURY shed 10.53%, 10.00%, 9.38% and 8.57% respectively.

Other price decliners include: Consolidated Hallmark Insurance (7.34%), Tantalizer (7.32%), Academy Press (6.84%), UPDC (6.82%) and ETRANZACT (6.79%) respectively. (

Azonuchechi Chukwu
Azonuchechi Chukwu
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

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