Stock market returns 0.24% WtD amidst profit taking

Trading on the floor of the Nigerian Exchange last week closed on a bullish note, driven by growth in the share prices of Okomu Oil, Seplat and other 33 stocks on the gainers list.

The All Share Index and Market capitalization grew by 0.24% to settle at 51,829.67 points and N27.942 trillion respectively.

An aggregate of 1.348 billion units of shares were traded in 22,155 deals, valued at N24.5 billion.

The market breadth closed positive as 35 stocks gained against 29 stocks that declined in their share prices.


MULTIVERSE Plc led other gainers in the course of last week with 950.00% growth, closing at N2.10 from the previous close of N0.20 due to the share reconstruction of 10 to 1 per share.

JOHNHOLT, Cornerstone, Okomu Oil and THE INITIATE Plc grew their share prices by 30.16%, 20.97%, 12.09% and 10.00% respectively.

Other top 10 gainers include: FBNH (9.95%), Ecobank (9.28%), Academy Press (8.55%), Sovereign Trust Insurance (8.00%) and Linkage Assurance (7.55%) respectively.


MCNICHOLS led other price decliners, shedding 50.81% of its share price to close at N0.91 from the previous close of N1.85.

PZ, University Press, Prestige Assurance and NGXGROUP shed their share prices by 18.40%, 10.42%, 10.00% and 9.55% respectively.

Other price decliners include: Honeywell Flour (-8.91%), Livestock Feeds (-8.57%), TRIPPLEG (-8.42%), RT BRISCOE (-8.33%) and FTN Cocoa (-5.71%) respectively.

Source: Stock market returns 0.24% WtD amidst profit taking – StocksWatch (

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