Stock market sheds N479bn, returns -1.58% WtD on profit taking

Trading on the floor of the Nigerian Exchange last week closed bearish as the MTN Nigeria, GEREGU and other 45 stocks closed the week lower on profit taking
The All Share Index and Market capitalization declined by 1.58% to settle at 54,915.39 points and N29.916 trillion respectively.
An aggregate of 853.7 million units of shares were traded in 18,543 deals, valued at N11.8 billion.

The market breadth closed negative as 19 stocks gained against 47 stocks that declined in their share prices.


Prestige Assurance led other gainers in the course of last week with 9.76% growth, closing at N0.45 from the previous close of N0.41.
ENAWELWA, University Press, CWG and FTN Cocoa grew their share prices by 9.57%, 9.34%, 8.79% and 7.69% respectively.
Still on the gainers’ chart: Livestock Feeds 4.81%, BUAFOOD 4.21%, UACN 3.80%, UNILEVER 3.70% and JAPAULGOLD 3.57% respectively.


UCAP led other price decliners, shedding 16.72% of its share price to close at N12.20 from the previous close of N14.65
Linkage Assurance, Ecobank, IMG and NPF Microfinance Bank shed their share prices by 10.87%, 10.00%, 9.32% and 8.47% respectively.
Other price decliners include: ACCESSCORP (8.20%), NEIMETH (7.59%), GLAXOSMITH (7.46%), RTBRISCOE (7.41%) and OANDO (7.24%) respectively.

Source: Stock market sheds N479bn, returns -1.58% WtD on profit taking – StocksWatch (

Related Posts


Business & Economy


Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]


Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]