Stock market advances by 0.17%, investors gained N67bn


December 11, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market closed higher last week, driven by gains in MTN Nigeria and other 48 stocks that appreciated in their share prices week to date

The All Share Index and Market capitalization grew by 0.17% to settle at 71,541.74 and N39.149 trillion respectively.

An aggregate of 2.4 billion units of shares were traded in 34,704 deals, valued at N45 billion.

The market breadth closed negative as 49 stocks gained against 33 stocks that declined in their share prices.


MULTIVERSE led other gainers last week with 57.02% growth, closing at N9.39 from the previous close of N5.98.

THOMASWYAT, INFINITY TRUST, Ecobank and Secure Electric Technology grew their share prices by 32.80%, 32.09%, 21.35% and 17.19% respectively.

Other top 10 gainers include: DAAR Communication 16.13%, CAVERTON 13.48%, UPDCREIT 12.36%, ACCESSCORP 12.19% and PZ 11.79% respectively.


Consolidated Hallmark Holding led other price decliners, shedding 12.70% of its share price to close at N1.10 from the previous close of N1.26.

OANDO, ABBEYBUILDING, MRS and TANTALIZER shed 12.29%, 10.47%, 9.96% and 9.62% respectively.

Other price decliners include: Unity Bank (9.09%), Juli (8.86%), ETRANZACT (8.45%), MCNICHOLS (8.00%) and BUACEMENT (7.21%) respectively.(

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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