Nigerian Stock Market Sheds N192bn, ASI Decline by 0.49%


December 8, 2023.

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Azonuchechi Chukwu.

t was a bearish session on the floor of the Nigerian stock market as the All Share Index declined by 0.49% to close at 67,457.92 points against the previous close of 71,808.64 points on Thursday.

The market capitalisation closed at N39.103 trillion, down by 0.49% from N39.295 trillion recorded in the last session.

Aggregate volume of traded stock stands at 436.6 million units in 7,096 deals, valued at N7.5 billion.

Market Breadth

The market breadth closed negative as 24 stocks gained against 29 that declined in their share prices.

Percentage Gainers

MULTIVERSE with 9.91% growth, led the gainers to close at N8.54 from the previous close of N7.77.

MANSARD and SCOA among other gainers also grew their share prices by 9.76% each.

Percentage Losers

FBNH shed 9.86% of its share price to top the losers’ chart, ahead of Secure Electronic Technology, DEAPCAP and Champion Breweries which dropped in share value by 9.64%, 9.46% and 7.04% respectively.

Volume Drivers

Universal Insurance traded about 52.7 million units of its shares in 87 deals, valued at about N13.5 million.

VERITAS KAPITAL traded about 44.6 million units of its shares in 90 deals, valued at about N15.3 million.

Nigerian Breweries traded about 37 million units of its shares in 112 deals, valued at about N1.39 billion.(

Azonuchechi Chukwu
Azonuchechi Chukwu
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at 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 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'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'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 team.

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