Market returns -0.13% WtD amidst profit taking and portfolio rebalancing

The Nigerian stock market last week closed on a negative note, occasioned by profit taking by investors.

The All Share Index and the Market Capitalisation declined by 0.13% week on week to close at 47,268.61 points and N25.475 trillion respectively.

An aggregate of 1.374 billion units of shares were traded in 28,809 deals, valued at N23.786 billion.

The Market Breadth closed negative as 22 equities emerged as gainers against 49 equities that declined in their share prices.


Seplat led other gainers in the course of last week with 20.25%, close at N1034 from the previous close of N859.9

Linkage Assurance, FCMB, Courteville and ABC Transport grew their share prices by 16%, 11.80%, 11.11% and 9.37% respectively.

Others among top ten gainers include: John Holts (8.86%), Royal Exchange (8%), Regency Assurance (7.69%) Juli Plc (6.76%) and Glaxosmith (5.79%) respectively.


RT Briscoe led other price decliners as it shed 32.98% of its share price week on week to close at N0.63 from the previous close of N0.94.

Learn Africa, NGX Group, Niger Insurance and Cutix Plc shed their share prices by 24.14%, 18.43%, 17.86% and 14.81% respectively.

Others among top ten price decliners include: Transcorp (-14.29%), Livestock Feeds (-12.37%), UPDC (-11.54%), Mutual Benefit Assurance (-10.71%) and CAP Plc (-10%) respectively.

Source: Market returns -0.13% WtD amidst profit taking and portfolio rebalancing – 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.[…]