Market drops further, Closes 0.40% lower

The Nigerian Stock Market on Tuesday dropped further as the All Share Index declined by 0.40% to close at 51,586.50 points from the previous close of 51.791.45 points on Monday.

Market Capitalisation was down by 0.39% to close at N27.811 trillion against Monday’s close of N27.921 trillion, shedding N110 billion.

The aggregate volume and value of traded stocks closed at 234.6 million units and N2.57 billion in 4,646 deals.

Market Breadth

Market Breadth closed negative as 23 stocks gained while 16 stocks declined in their share prices.

Percentage Gainers

Red Star Express led gainers’ chart with 10.00% growth to close at N2.75 from the previous close of N2.50.

JOHNHOLT grew by 9.76% while UPDC and Unity Bank gained 9.73% and 9.52% respectively.

Percentage Losers

International Breweries tops the losers’ list, shedding 9.52 to close at N5.70 from N6.30.

Consolidated Hallmark, Jaiz Bank, NASCON, BUAFOODS and three other stocks shed above 6.00% of their share prices ahead of others on the red table.

Volume Drivers

CAP traded about 29 million units of its shares in 49 deals, valued at about N499.9 million.

GTCO traded about 29 million units of its shares in 531 deals, valued at about N592 million.

UBA traded about 25 million units of its shares in 186 deals, worth about N189 million.

Source: Market drops further, Closes 0.40% lower – StocksWatch (

Related Posts


Business & Economy


Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]


Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]