Stock Market Close Positively, All Share Index grows by 0.08%

Date:

November 22, 2023.

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Azonuchechi Chukwu.

Transactions on the floor of the Nigerian Exchange on Tuesday closed on a positive note, driven by price appreciation in 45 stocks, consisting seven banking stocks and other penny stocks.

The All Share Index grew by 0.08% to close at 71,066.64 points from the previous close of 71,008.70 points.

The Market Capitalisation rose by 0.08% to close at N39.082 trillion from the previous close of N39.051 trillion, thereby gaining N31 billion.

An aggregate of 491 million units of shares were traded in 6,549 deals, valued at N3.22 billion.

The Market Breadth closed positive as 45 equities appreciated in their share prices against 8 equities that declined in their share prices.

Percentage Gainers

LEARNAFRICA and MECURE led other gainers with 10.00% growth each to close at N3.08 and N6.93 from the previous close of N2.80 and N6.30 espectively.

Northern Nigerian Flourmill and CADBURY among other gainers also grew their share prices by 9.90% and 9.78% respectively.

Percentage Losers

Champion Breweries led other price decliners as it shed 10.00% of its share price to close at N3.24 from the previous close of N3.60.

OANDO and International Breweries among other price decliners also shed their share prices by 3.72% and 2.17% respectively.

Volume Drivers

Unity Bank traded about 75 million units of its shares in 375 deals, valued at about N105 million.

Universal Insurance traded about 61 million units of its shares in 55 deals, valued at N14.97 million.

Mutual Benefits traded about 47 million units of its shares in 76 deals, valued at about N46.6 million.(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://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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