Stock market returns -0.11% WtD amidst profit taking

The Nigerian stock market last week declined occasioned by profit taking in Dangote Cement, MTN Nigeria and other 38 stocks.

The All Share Index and Market capitalization declined by 0.11% to settle at 67,324.59 points and N36.847 trillion respectively.

An aggregate of 3.9 billion units of shares were traded in 38,536 deals, valued at N30.379 billion.

The market breadth closed positive as 48 stocks gained against 40 stocks that declined in their share prices week on week.


Sunu Assurance led other gainers in the course of last week with 32.91% growth, closing at N0.79 from the previous close of N1.05.

ELLAHLAKES also gained 28.79% to stand at N4.25 from N3.30 previously gained, ETRANZACT, CHAMS and Abbey Building grew their share prices also by 28.57%, 19.09% and 17.65% respectively.

Among the top 10 gainers are: Japaul Gold 17.65%, OMATEK 17.50%, Berger Paint 15.91%, JOHNHOLT 15.38% and Consolidated Hallmark Insurance 14.13% respectively.


TANTALIZER led other price decliners, shedding 21.05% of its share price to close at N0.30 from the previous close of N0.38. Guinea Insurance, MCNICHOLS, Unity Bank and Secured Electronic Technology shed 20.69%, 13.33%, 11.29% and 10.34% respectively.

Other price decliners include: SCOA (10.00%) SKY AVIATION (9.95%), MULTIVERSE (9.93%), BETAGLASS (9.93%) and GLAXOSMITH (9.84%) respectively.

Source: Stock market returns -0.11% WtD amidst profit taking – StocksWatch (

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