Investors gain N65bn as ASI returns 0.17% WtD

Date:

November 27, 2023.

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Azonuchechi Chukwu.

Trading of equities on the floor of the Nigerian Exchange last week closed on a bullish note as 59 stocks appreciated in value, thereby gaining N65 billion in one week.

The All Share Index and Market capitalization grew by 0.17% to settle at 71,230.48 points and N39.173 trillion respectively.

An aggregate of 2.4 billion units of shares were traded in 33,230 deals, valued at N22.665 billion.

The market breadth closed positive as 59 stocks gained against 21 stocks that declined in their share prices.

TOP 10 GAINERS

MECURE led other gainers in the course of last week with 60.73% growth, closing at N9.21 from the previous close of N5.73.

MULTIVERSE, Unity Bank, Secure Electronic Technology and DEAPCAP grew their share prices by 60.06%, 57.26%, 52.78% and 52.08% respectively.

Other top 10 gainers includes: DAAR Communication 50.00%, Guinea Insurance 41.67%, NEIMETH 39.38%, Veritas Kapital 27.59% and Sovereign Trust Insurance 27.27% respectively.

TOP 10 LOSERS

THOMASWYAT led other price decliners, shedding 42.22% of its share price to close at N2.08 from the previous close of N3.60.

ELLAHLAKES, STANBIC IBTC, Academy Press and International Breweries shed their share prices by 10.05%, 7.08%, 5.56% and 5.56% respectively.

Other price decliners includes: Nigerian Breweries (5.00%), NPF Microfinance (4.76%), Champion Breweries (4.17%), CWG (4.15%) and Prestige Assurance (3.64%) respectively.(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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