stock market appreciates by 8.32%, investors gain N4.3 trillion in one week


January 29, 2024.

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Azonuchechi Chukwu.

The Nigerian stock market closed appreciated further last week, driven by gains in the prices of Dangote Cement, SEPLAT, MTN Nigeria and other 32 stocks led by TRIPPLEG as the All Share Index and Market capitalization rose by 8.32% to settle at 102,401.88 and N56.038 trillion respectively.

An aggregate of 2.98 trillion units of shares were traded in 67,962 deals, valued at N57.87 billion.

The market breadth closed negative as 35 stocks gained against 55 stocks that declined in their share prices.


TRIPPLEG led other gainers in the course of last week with 32.24% growth, closing at N2.83 from the previous close of N2.14.

Dangote Cement, Sunu assurance, Japaul Gold and SEPLAT grew their share prices by 28.82%, 25.00%, 23.20% and 21% respectively.

Other top 10 gainers include: BUACEMENT 20.98%, ETERNA OIL 19.61%, BUA FOODS 13.25%, CUTIX 11.11% and MEYER 9.88% respectively.


VERITAS KAPITAL led other price decliners, shedding 23.38% of its share price to close at N0.59 from the previous close of N0.77.

THE INITIATE PLC, CADBURY, DEAPCAP and MCNICHOLS shed 12.77%, 20.86%, 19.19% and 17.78% respectively.

Other price decliners include: Unity Bank 16.57%, African Prudential 16.50%, Honeywell Flour 16.07%, Consolidated Hallmark Plc 15.34% and Cornerstone Insurance 15.51% 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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