Market returns -0.45% WtD amidst profit taking

The Nigerian stock market in the course of last week dipped by 0.45% as 36 equities shed weight, occasioned by profit taking.

The All Share Index and Market capitalization declined by 0.45% to settle at 51,979.92 and N28.031 trillion respectively.

An aggregate of 917 million units of shares were traded in 19,513 deals, valued at N14.803 billion.

The market breadth closed negative as 19 stocks gained against 36 stocks that declined in their share prices week on week.


Cornerstone Insurance led other gainers in the course of last week with 26.32% growth, closing at N0.72 from the previous close of N.57.

Seplat also gained 10% to stand at N1430.50 from N1300.50 previously gained. Linkage Assurance, The Initiates and RT BRISCOE grew their share prices also by 9.43%, 9.09% and 8.11% respectively.

Other among the top 10 gainers include: Wema Bank (6.68%), CUTIX (5.78%), Fidson (5.10%), GLAXOSMITH (4.92%) and eTRANZACT (4.55%) respectively.


NAHCO led other price decliners, shedding 33.73% of its share price to close at N5.50 from the previous close of N8.30.

CAVERTON, HONEYWELL, FTN COCOA and Nigerian Breweries shed 16.79%, 14.55%, 14.29% and 10.92% respectively.

Other price decliners include: May & Baker (-10.00%) Consolidated Hallmark Insurance (-8.11%), International Breweries (-6.90%), WAPCO (-6.77%), and Unity Bank (-6.67%) respectively.



Source: Market returns -0.45% WtD amidst profit taking – StocksWatch (

Your Comment:

Related Posts


Business & Economy

Capital Hotels sells 51% of its shares to 22 Hospitality Ltd

Capital Hotels Plc has notified its Shareholders and other Stakeholders that 22 Hospitality Ltd has successfully acquired 1,611,995,510 Ordinary Shares of 50 kobo each representing 51% of the equity share capital of the Company through Private Placement. All the required regulatory approvals have been received for the transaction. In addition, 22 Hospitality Limited also bought 456,641,337, and […]

Business & Economy

Union Bank partners Wacot Rice Limited to empower local farmers

In a bid to aid the financial inclusion drive of farmers in Kebbi State, Union Bank has entered into partnership with Wacot Rice Limited, a rice processing company. According to the bank the partnership is aimed to financially include 6,000 local farmers. This will include the youths and women in Kebbi State.  “The Kebbi Financial Inclusion Drive[…]