Nigerian Bourse sheds N313bn, closes lower by 1.11%

It was yet another bearish session on the floor of the Nigerian Exchange yesterday as the All Share Index declined by 1.11% to close at 51,400.53 points against the previous close of 51,979.92 points on Friday.

The market capitalisation also closed at N27.718 trillion, shedding N313 billion from N28.031 trillion recorded in last session.

Aggregate volume of 98.9 million units were traded, valued at N2.5 billion in 4,314 deals.

Market Breadth

The market breadth closed negative as 14 stocks gained against 17 that declined in their share prices.

Percentage Gainers

FTN Cocoa with 10.00% growth, led the gainers table to close at N6.05 from the previous close of N5.50.

CAP Plc and NAHCO among other gainers also grew their share prices by 10.00% each.

Percentage Losers

MTN Nigeria, United Capital, CUTIX and RT BRISCOE among other stocks shed their share prices by 5.00% and above

Volume Drivers

UBA traded about 15.9 million units of its shares in 240 deals, valued at about N114 million.

Zenith Bank traded about 12 million units of its shares in 366 deals, valued at about N262 million.

GTCO traded about 5 million units of its shares in 282 deals, valued at N105.7 million.

Source: Nigerian Bourse sheds N313bn, closes lower by 1.11% – StocksWatch (

Related Posts


Business & Economy

Nigerian Breweries Plc to acquire 80% shareholding in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc has notified the Nigerian Exchange and the investing public that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for Nigerian Breweries to acquire Heineken Beverages’ majority interests (via Distell[…]