Market returns -2.68% WtD, sheds N767bn

Trading on the floor of the Nigerian Exchange last week closed bearish as the Telecom giants; MTN Nigeria and Airtel Africa as well as other 49 stocks closed the week lower on profit taking.

The All Share Index and Market capitalization declined by 2.68% and 2.67% to settle at 51,778.08 points and N27.914 trillion respectively.

An aggregate of 940.9 million units of shares were traded in 20,077 deals, valued at N11.5 billion.

The market breadth closed negative as 13 stocks gained against 51 stocks that declined in their share prices.


LEARNAFRICA led other gainers in the course of last week with 15.74% growth, closing at N2.50 from the previous close of N2.16.

Sunu Assurance, TRIPPLEG, ELLAHLAKE and Living Trust Mortgage grew their share prices by 9.37%, 9.20%, 8.40% and 5.26% respectively.

Other top 10 gainers include: UACN (4.55%), Fidelity Bank (2.74%), Sterling Bank (1.97%), Cornerstone Insurance (1.64%) and Consolidated Hallmark Insurance (1.49%) respectively.


Beta Glass led other price decliners, shedding 18.15% of its share price to close at N51.20 from the previous close of N62.55.

Livestock Feeds, International Breweries, CUTIX and MEYER Plc shed their share prices by 16.88%, 14.97%, 10.74% and 10.00% respectively.

Other price decliners include: Conoil (-10.00%), Etranzact (-9.96%), CAP Plc (-9.93%), MCNICHOLS (-9.76%) and ARDOVA (-9.70%) respectively.



Source: Market returns -2.68% WtD, sheds N767bn – 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.[…]