Stock market closes marginally higher, returns 0.22% WtD

The Nigerian stock market last week closed marginally higher as gains in MTN Nigeria and 41 other stocks keep the market afloat.

The All Share Index was up by 0.22% to stand at 65,198.08 points from 65,056.39 points recorded the previous week.

Market capitalization grew also by 0.22% to settle at N35.480 trillion from N35.403 trillion in the week before.

An aggregate of 2.57 billion units of shares were traded in 37,713 deals, valued at N29.6 billion.

The market breadth closed negative as 42 stocks gained against 52 stocks that declined in their share prices.


Sunu Assurance led other gainers in the course of last week with 55.00% growth, closing at N0.93 from the previous close of N0.60.

CHALLERAM, Abbey Building, Dangote Sugar and Sky Aviation grew their share prices by 45.49%, 32.73%, 25.00% and 20.83% respectively.

Other top 10 gainers include: GLAXOSMITH 20.27%, Linkage Assurance 20.00%, MULTIVERSE 17.45%, MANSARD 17.06% and Nigerian Breweries 16.44% respectively.


JOHNHOLT led other price decliners, shedding 33.18% of its share price to close at N1.47 from the previous close of N2.20.

OMATEK, Sovereign Trust Insurance, ETERNAL OIL and Ikeja Hotel shed 30.61%, 28.57%, 26.74% and 18.52% respectively.

Other price decliners include: University Press (18.12%), THOMAS WYAT (17.69%), GUINNESS (17.42%), RTBRISCOE (14.29%) and CWG (9.83%) respectively.

Source: Stock market closes marginally higher, returns 0.22% WtD – StocksWatch (

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