Stock market advances by 0.11%, as investors gain N29bn

Transactions on the floor of the Nigerian Stock Market on Thursday closed on a positive note as the All Share Index advanced by 0.11% to close at 49,889.80 points from the previous close of 49,836.51 points on Wednesday.

Investors gained N29 billion as the Market Capitalisation grew by 0.11% to close at N26.909 trillion from the previous close of N26.880 trillion.

An aggregate of 229 million units of shares were traded in 3,575 deals, valued at N1.75 billion.

Market Breadth

The market breadth closed positive as 14 equities appreciated in their share prices against 12 equities that declined in their share prices.

Percentage Gainers

PHARMADEKO led other gainers with 7.43% growth, closing at N1.88 from the previous close of N1.75.

Consolidated Hall Mark Insurance and UPDC also grew their share prices by 5.00% each ahead of other gainers

Percentage Losers

Mutual Benefits led other price decliners as it shed 9.39% of its share price to close at N0.29 from the previous close of N0.32.

CWG and TRANSCORP among other price decliners also shed their share prices by 9.09% and 7.08% respectively.

Volume Drivers

Sterling Bank traded 108.7 million units of its shares in 33 deals, valued at about N159.8 million.

Fidelity Bank traded 15.6 million units of its shares in 260 deals, valued at N50.6 million.

GTCO traded about 34 million units of its shares in 508 deals, valued at 680 million.

Source: Stock market advances by 0.11%, as investors gain N29bn – StocksWatch (

Notice: Function WP_List_Util::pluck was called incorrectly. Values for the input array must be either objects or arrays. Please see Debugging in WordPress for more information. (This message was added in version 6.2.0.) in /home/fundidqj/ on line 6031

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.[…]