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 (

Related Posts


Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]


Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]