Nigerian Bourse returns 0.63% WtD, gains N168bn

The Nigerian stock market last week closed on a bullish note, driven by growth in the share prices of Airtel Africa, Nestle, MTN and other 24 stocks.

The All Share Index and Market capitalization rose by 0.63% to settle at 49,682.15 and N26.797 trillion respectively.

An aggregate of 914 million units of shares were traded in 18,021 deals, valued at N15.263 billion.

The market breadth closed negative as 27 stocks gained against 38 stocks that declined in their share prices.


NEM Insurance led other gainers in the course of last week with 30.89% growth, closing at N5.00 from the previous close of N3.82.

Mutual Benefits Assurance, Japaul Gold, Multiverse and Honeywell Flour grew their share prices by 20.00%, 17.24%, 14.29% and 12.470% respectively.

Others among top 10 gainers include: CWG (10.00%), University Press (9.88%), Learn Africa (9.78%), CAVERTON (9.52%) and COURTVILLE (9.09%) respectively.


Northern Nigerian Flour Mills led other price decliners, shedding 12.79% of its share price to close at N7.50 from the previous close of N8.60.

FTN Cocoa, ELLAHLAKES, Fidson and Vitafoam shed 12.12%, 10.00%, 9.80% and 9.78% respectively.

Others among top 10 price decliners include: NPF Microfinance Bank (-9.09%), SEPLAT (-8.44%), ETERNA OIL (-8.33%), LASACO (-7.69%) and Coronation Insurance (-7.32%) respectively.

Source: Nigerian Bourse returns 0.63% WtD, gains N168bn – StocksWatch (

Related Posts


Business & Economy

NGX appoints advisory panel on digital technology products

The Nigerian Exchange Limited has set up the NGX Digital and Technology Products Advisory Panel. The Panel would provide a forum for the Exchange to interact with the capital market community and the fintech ecosystem to enhance and increase NGX’s digital product offerings. Responsibilities of the Panel include but are not limited to providing insight into product […]

Business & Economy

Fidelity Bank CEO gets recognition as banker of the year 2022

The Managing Director of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has been honoured with the Banker of the Year 2022 award. According to a statement, the bank said Onyeali-Ikpe was presented with the award at the 14th Leadership annual conference and awards, organised by the Leadership Media Group, publishers of Leadership newspapers. Onyeali-Ikpe stated, “I am grateful for[…]