Stock market dips by 0.19% as MTN, others shed weight

The stock market on Tuesday closed on a bearish note, occasioned by profit taking in MTN Nigeria and 21 other stocks.

The All Share Index declined by 0.19% to close at 47,340.86 points from the previous close of 47,428.67 points.

The Market Capitalisation closed at N25.514 trillion, down by 0.18% from the previous close of N25.561 trillion, thereby shedding N47 billion.

An aggregate of 183 million units of shares were traded in 3,779 deals, valued at N2.475 billion.

The Market Breadth closed negative as 15 equities emerged as gainers against 22 equities that declined in their share prices.    

Percentage Gainers

Veritas Kapital led other gainers with 4.76% growth, closing at N0.22 from N0.21it closed last session.

CHAMS PLC and Eternal Oil among other gainers also grew their share prices by 4.55% and 4.17% respectively.

Percentage Losers

Cornerstone Insurance led other price decliners, shedding 8.82% of its share price to close at N0.62 from the previous close of N0.68.

MTN Nigeria shed 0.24%, closing the day at N204.50 from yesterday’s close of N205.00, also on the red table are MULTIVERSE, SCOA and Prestige Assurance dropping their share prices by 8.33%, 7.69% and 6.12% respectively.

Volume Drivers

UBA traded about 23.4 million units of its shares in 279 deals, valued at N200 million.

Access Bank traded about 10.4 million units of its shares in 158 deals, valued at N108.9 million.

FBNH traded about 10 million units of its shares in 145 deals, valued at N117.6 million.

Source: Stock market dips by 0.19% as MTN, others shed weight – StocksWatch (

Related Posts


Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]


Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]