Nigeria equity market soars by 0.11%,Investors gain N44bn

Date:

December 1, 2023.

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Azonuchechi Chukwu.

The Nigerian equity market on Thursday closed on a positive note as The All Share Index moved up by 0.11% to close at 71,365.25 points from the previous close of 71,283.34 points.

Investors gained N44 billion as the Market Capitalisation grew by 0.11% to close at N39.052 trillion from the previous close of N39.008 trillion.

An aggregate of 540 million units of shares were traded in 6,516 deals, valued at N10 billion.

The Market Breadth closed negative as 25 equities appreciated in their share prices against 32 equities that declined in their share prices.

Percentage Gainers

Northrn Nigerian Flourmills led other gainers with 10.00% growth, closing at N35.20 from the previous close of N32.00.

THOMASWYAT, MECURE, Champion Breweries, Ecobank and UPDCREIT among other gainers also grew their share prices by over 5.00% each.

Percentage Losers

Secure Electronic Technology led other price decliners as it shed 9.72% of its share price to close at 0.65 from the previous close of 0.72.

Unity Bank, TANTALIZER and DAAR Communication among other price decliners also shed their share prices by 9.68%, 9.42% and 9.38% respectively.

Volume Drivers

GTCO traded about 67 million units of its shares in 282 deals, valued at N2.6 billion.

TRANSCORP traded about 42 million units of its shares in 333 deals valued at N294 million.

FBNH traded about 36 million units of its shares in 213 deals, valued at N787.5 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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