Investors Gain N363 billion, Market Capitalisation grows by 0.83%

Date:

January 9, 2023.

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Azonuchechi Chukwu.

Positive sentiment persists on the floor of Nigerian stock market on Monday, as the market gained five out of the five trading sessions in the year 2024.

The All Share Index appreciated by 0.83%, closing at 80,328.57 points from the previous close of 79,664.66 points.

Investors gained N363 billion as the Market Capitalisation grew by 0.83% to close at N43.957 trillion from the previous close of N43.594 trillion.

An aggregate of 1.19 billion units of shares were traded in 16,081 deals, valued at N15.26 billion.

The Market Breadth closed positive as 54 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

Cornerstone Insurance, CUTIX, Jaiz Bank, Berger Paints, OMATEK and LASACO led other gainers with 10.00% growth each.

Wema Bank, Sterling Bank and Royal Exchange among other gainers also grew their share prices by 9.89%, 9.88% and 9.88% respectively.

Percentage Losers

DAAR Communication led other price decliners as it shed 9.30% of its share price to close at N1.17 from the previous close of N1.29.

ETERNA OIL and CWG among other price decliners also shed their share prices by 8.79% and 7.05% respectively.

Volume Drivers

TRANSCORP traded about 298 million units of its shares in 2,052 deals, valued at about N4 billion.

FCMB traded about 106 million units of its shares in 702 deals, valued at about N1 billion.

Fidelity traded about 87.7 million units of its shares in 861 deals, valued at N71.19 billion.(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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