Stock market extends weekly gains by N512bn, returns 2.00% WtD

The Nigerian stock market last week closed on a bullish note, occasioned by growth in the share prices of Airtel Africa, Seplat, Dangote Cement and 47 others.

The All Share Index and the Market Capitalisation appreciated 2.00% week on week, closing at 48,459.65 points and N26.125 trillion respectively.

An aggregate of 1.3 billion units of shares were traded in 20,212 deals, valued at N17.81 billion.

The Market Breadth closed positive as 50 equities emerged as gainers against 29 equities that declined in their share prices.


Meyer Plc led other gainers in the course of last week with 45.63% growth, closing at N2.33 from the previous close of N1.6.

Eterna Plc, Oando, Guinness and FTN Cocoa grew their share prices by 33%, 21.33%, 17.50% and 12.12% respectively.

Others among top 10 gainers include: Lafarge (10.61%), Skyway Aviation (9.83%), Ikeja Hotel (8.46%), Nigerian Breweries (8.34%) and International Breweries (7.14%) respectively.


Academy Press led other price decliners as it shed 18.75% of its share price to close at N1.17 from the previous close of N1.44.

John Holt, Neimeth, CWG and SCOA shed their share prices by 17.44%, 13.92%, 10.20% and 9.77% respectively.

Others among top 10 price decliners include: Union Dicon Salt (-9.60%), Sunu Assurance (-8.33%), Pharmadeko (-7.51%), RT Briscoe (-7.02%) and ABC Transport (-6.45%) respectively.



Source: Stock market extends weekly gains by N512bn, returns 2.00% WtD – StocksWatch (

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