Stock market returns 5.49% WtD amidst price surge in 77 stocks

Trading on the floor of the Nigerian Exchange last week closed on a bullish note, driven by growth in the share prices of Dangote Cement, MTN Nigeria, Airtel Africa and host of other stocks on the gainers list.

The All Share Index and Market capitalization grew by 5.49% to settle at 59,000.96 points and N32.126 trillion respectively.
An aggregate of 4.28 billion units of shares were traded in 44,344 deals, valued at N62.18 billion.
The market breadth closed positive as 77 stocks gained against 24 stocks that declined in their share prices.


FTN Cocoa led other gainers in the course of last week with 45.16% growth, closing at N1.35 from the previous close of N0.93.
Unity Bank, WAPIC, Transcorp Hotel and Jaiz Bank grew their share prices by 41.67%, 40.43%, 37.35%, and 30.83% respectively.
Other top 10 gainers include: Sterling Bank 29.39%, Ikeja Hotel 29.28%, NSLTECH 27.78%, LASACO 27.78% and Sovereign Trust Insurance 27.50% respectively.


THE INITIATE PLC led other price decliners, shedding 25.00% of its share price to close at N0.39 from the previous close of N0.52.
JOHNHOLT, ABC Transport, ELLAHLAKES and CWG shed their share prices by 17.86%, 12.82%, 10.00% and 10.00% respectively.
Other price decliners include: MCNICHOLS (9.72%), Abbey Building (9.52%), TANTALIZER (9.09%), CHAMS (8.70%) and Honeywell Flour (7.14%) respectively.

Source: Stock market returns 5.49% WtD amidst price surge in 77 stocks – StocksWatch (

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