Nigerian Bourse dips further, returns -1.04% WtD

The Nigerian stock market dipped further last week as MTN, SEPLAT and other 29 stocks shed weight.

The All Share Index and Market capitalization declined by 1.04% and 1.08 to settle at 51,355.74 and N27.963 trillion respectively.

An aggregate of slightly over 3.9 billion units of shares were traded in 16,856 deals, valued at N15.6 billion.

The market breadth closed positive as 35 stocks gained against 31 stocks that declined in their share prices WoW.


TRANSCORP led other gainers in the course of last week with 44.97% growth, closing at N2.45 from the previous close of N1.69.

Ikeja Hotel, Consolidated Hallmark Insurance, Fidelity Bank and RTBRISCOE grew their share prices by 19.83%, 15.79%, 13.95% and 13.64% respectively.

Others among the top 10 gainers include: Access bank11.86%, JAPAULGOLD 11.11%, NAHCO 10.38%, MANSARD 9.09% and ABC Transport 8.82% respectively.


Zenith Bank led other price decliners, shedding 12.20% of its share price to close at N21.95 from the previous close of N25.00.

Champion Breweries, African Prudential, VITALFOAM and UBA shed 10.14%, 10.00%, 8.65% and 7.65% respectively.

Other price decliners include: AIICO (6.78%), COURTVILLE (6.67%), MTN Nigeria (6.67%), Regency Alliance (6.45%) and Linkage Assurance (6.25%) respectively.

Source: Nigerian Bourse dips further, returns -1.04% WtD – StocksWatch (

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