Stock market returns 6.88% WtD on renewed investors’ optimism

The Nigerian stock market last week grew further, driven by growth in the prices of Airtel Africa, Dangote Cement as well as other 47 stocks.

The All Share Index and Market capitalization grew by 6.88% to settle at 47,554.34 and N25.902 trillion respectively.

An aggregate of 711.6 million units of shares were traded in 16,662 deals, valued at N15 billion.

The market breadth closed positive as 49 stocks gained against 19 stocks that declined in their share prices.


Nigerian Breweries led other gainers last week with 18.67% growth, closing at N48.95 from the previous close of N41.25.

Sovereign Trust Insurance, Prestige Assurance, Cornerstone Insurance and Airtel Africa grew their share prices by 16.67%, 16.22%, 15.91% and 14.17% respectively.

Other top 10 gainers include: BUA FOODS (11.23%), Honeywell Flour (11.22%), PZ (10.47%), MULTIVERSE (10.39%) and UPDCREIT (10.00%) respectively.


NESTLE led other price decliners, shedding 20.67% of its share price to close at N963.90 from the previous close of N1215.

Capital Hotel, SCOA, CWG and Royal Exchange shed 10.00%, 9.30%, 9.09% and 8.97% respectively.

Other price decliners include: PRESCO (-8.71%), CHAMS (-4.35%), CUTIX (-4.25%), Redstar Express (-4.22%) and SEPLAT (-3.57%) respectively.

Source: Stock market returns 6.88% WtD on renewed investors’ optimism – StocksWatch (

Your Comment:

Related Posts


Business & Economy

FAAC shared N990bn among FG, states and LGs in December 2022

The Federation Account Allocation Committee (FAAC), has disclosed that it shared a total  of N990.189 billion to the three tiers of government, as Federation Allocation for the month of December 2022. The amount is inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL). The Federal Government received N375.306 billion, the states […]


Business & Economy

Stock Market Review: January 18, 2023

The Nigerian stock market on Tuesday closed on a positive note with 0.67% growth. Year to date, the market has returned, 2.83% with the All Share Index and the Market Capitalisation at 52,701.31 points and N28.705 trillion respectively. In a stock market review with the MD/CEO of Global View Capital Limited, Aruna Kebira, the following were discussed:[…]