• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Stock market closes flat as ASI settles at 49,416.18 points

Stocks

The Matters Press by The Matters Press
December 20, 2022
Reading Time: 2 mins read
0
Politics hampers NSE in 2018

Nigerian Stock Exchange

The equity market closed flat on Tuesday as the All-Share Index (ASI) rose by 1.22 basis points or 0.002 per cent to close at 49,416.18 from 49,414.96 it opened for trading.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Accordingly, investors gained N1 billion in value as market capitalisation closed at N26.915 trillion from N26.914 trillion on Monday.

The increase was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Vitafoam Nigeria, Ardova Plc, Zenith Bank, UPDC Real Estate Investment Trust (UPDCREIT) and Dangote Sugar Refinery.

On market outlook, GTI Securities Ltd. said, “We expect sustained positive sentiments given the renewed attractiveness of the financial sector.”

Also, market breadth closed negative as 11 stocks posted gains while 16 declined.

UPDC Real Estate Investment Trust recorded the highest price gain of 8.62 per cent to close at N3.15 per share.

Royal Exchange followed with a gain 5.95 per cent to close at 89 kobo, while Ardova Plc went up by 4.19 per cent to close at N17.40 per share.

Vitafoam Nigeria went up by 3.57 per cent to close at N21.75, while Custodian Investment appreciated by 2.75 per cent to close at N5.60 per share.

On the other hand, Neimeth Pharmaceutical led the losers’ chart by 9.66 per cent to close at N1.31 per share.

SCOA Nigeria followed with a decline of 9.41 per cent to close at 77 kobo, while UACN Property Development Company (UPDC) went down by 7.07 to close at 92 kobo per share.

R.T. Briscoe Nigeria lost 6.90 per cent to close at 27 kobo, while Chams shed 4.55 per cent to close at 21 kobo per share.

The total volume traded increased by 30.4 per cent to 100.094 million shares, worth N1.296 billion, and traded in 3,186 deals.

Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the activity chart with 16.438 million shares valued at N354.749 million.

Consolidated Hallmark Insurance followed with 9.260 million shares worth N5.447 million, while United Bank for Africa (UBA) traded 7.119 million shares valued at N52.463 million.

FTN Cocoa processors traded 7.096 million shares valued at N2.014 million, while Access Holdings transacted 5.266 million shares worth N45.159 million.

Tags: Stocks
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
“Naira-4-Dollar” getting results

Naira loses slightly to dollar by 0.26%

Buhari inaugurates $73m fund to boost Sugar production

Construction of N300bn sugar plantation, mill begins

Recommended Stories

Economists Challenge IMF on call for further VAT increase in Nigeria

IMF approves $87 million budget support for Congo

February 9, 2023
CIIN president tasks Insurance directors on manpower development

Old Mutual urges Nigerians to adopt insurance-backed savings plan

March 7, 2023
SEC frowns at resurgence of Ponzi schemes

SEC reiterates capital market capability for infrastructure development

April 25, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us