Stock market stays 1.30% afloat, buoyed by gains in MTN Nigeria, others

The Nigerian stock market on Tuesday stayed afloat on the gains in MTN Nigeria, SEPLAT, Total Energy and some blue chip stocks that closed the day higher.

The All Share Index grew by 1.30%, closing at 60,108.86 points from the previous close of 59,338.76 points on Monday.

Market capitalisation closed at N32.730 trillion, advancing by 1.30% from the previous close of N32.309 trillion, adding N421 billion.

An aggregate of 763.7 million units of shares were traded in 9,463 deals, valued at N12.5 billion.

Market Breadth

Market breadth closed positive as 51 stocks gained against 13 that lost.

Percentage Gainers

COURTVILLE, OMATEK, Ikeja Hotel, AFROMEDIA led other gainers growing by 10.00% each.

Transcorp Hotel, ELLAHLAKE and NAHCO among other gainers also grew their share prices by 9.97%, 9.88% and 9.87% respectively.

Percentage Losers

Redstar Express, C & I Leasing and MORISON shed 10.00%, 9.79% and 9.22% of their stock values respectively.

Volume Drivers

ACCESSCORP traded about 111.7 million units of its shares in 654 deals, valued at N1.7 billion.

UBA traded about 72 million units of its shares in 624 deals valued at N878 million.

Guaranty Trust Holding Company traded about 79 million units of its shares in 964 deals, valued at N2.7 billion.

Source: Stock market stays 1.30% afloat, buoyed by gains in MTN Nigeria, others – 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[…]