Market gains N507bn, All Share Index rises by 1.28%


December 21, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market on Wednesday closed higher as the All Share Index rose by 1.28% to settle at 73,397.71 points from the previous close of 72,470.10 points.

The Market Capitalisation was up by 1.28% to close at N40.164 trillion from the previous close of N39.657 trillion, thereby gaining N507 billion.

An aggregate of 554.6 million units of shares were traded in 7,910 deals, valued at N12.8 billion.

The Market Breadth closed positive as 37 equities appreciated in their share prices against 24 equities that declined in their share prices.

Percentage Gainers

MULTIVERSE and TRANSCORP led other gainers with 10.00% growth each to close at N11.55 and N7.70 from the previous close of N10.50 and N7.00

INFINITY Mortgage, ETRAZACT and CAVERTON among other gainers also grew their share prices by 9.97%, 9.73% and 9.66% respectively.

Percentage Losers

TANTALIZER led price decliners’ table as it shed 10.00% of its share price to close at N0.45 from the previous close of N0.50.

THOMASWYAT and THE INITIATE among other price decliners also shed their share prices by 9.86% and 9.32% respectively.

Volume Drivers

TRANSCORP traded about 52 million units of its shares in 484 deals, valued at about N374.6 million.

GTCO traded about 89 million units of its shares in 362 deals, valued at N3.58 billion.

ACCESSCORP traded about 59.7 million units of its shares in 483 deals, valued at about N1.37 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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