• Tuesday, September 26, 2023
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Stock market up marginally by 0.03%


Nigerian stock market recorded slight increase at the sound of closing gong on Tuesday November 13 as only 16 stocks gained against 26 losers.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased marginally by 0.03percent at the close of trading, causing the Year-to-Date (ytd) return to stand at a negative of 15.93percent.

The NSE All Share Index closed at 32,152.90 points against the preceding day close of 32,143.41points while Market Capitalisation closed at N11.738 trillion against preceding day close of N11.735 trillion, representing N3billion increase.

Lafarge Africa Plc advanced most, from N15 to N16.3, after adding N1.3 or 8.67percent. GlaxoSmithKline Consumer Nigeria Plc advanced from N11 to N12.05, up N1.05 or 9.55percent; while Stanbic IBTC advanced from N47 to N48, adding N1 or 2.13percent.

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Flourmill Nigeria Plc stock price also increased from N16.5 to N16.85, up 35kobo or 2.12percent; while Unilever Nigeria Plc rallied from N39.25 to N39.5, up 25percent or 0.64percent.

Nestle Nigeria Plc recorded the biggest loss after its share price decreased from N1460 to N1450, down by N10 or 0.68percent; Okomu Oil Palm Plc followed after its share price declined from N79.8 to N75.75, down N4.05 or 5.08percent.

Julius Berger Nigeria Plc declined from N23.7 to N21.35, down by N2.35 or 9.92percent; Forte Oil Plc dipped from N21.95 to N20.6, losing N1.35 or 6.15percent; while SEPLAT stock price dropped from N668.5 to N668, losing 50kobo or 0.07percent.

The volume of stocks traded increased by 181.30percent, from 142.1 million to 399.7 million, while the total value of stocks traded increased by 44.1percent from N1.556 billion to N2.24billion in 2,880 deals.

Ikeja Hotel Plc, FBN Holdings Plc, Diamond Bank Plc, FCMB Group Plc and UBA Plc were actively traded stocks on the Lagos Bourse.

The Services sector led the activity chart with 280.2million shares exchanged for N575million; followed by Financial Services with 98.2million shares traded for N708 million.


Iheanyi Nwachukwu