Investors gain N1.848tn as stock market returns 4.24% in one week

The Nigerian stock market last week closed higher, driven by growth in the share prices of Dangote Cement and other 74 stocks.

All Share Index and Market capitalization rose by 4.24% to settle at 83,042.96 points and N45.442 trillion respectively.

An aggregate of 5.719 billion units of shares were traded in 80,064 deals, valued at N88.8 billion.

The market breadth closed positive as 75 stocks gained against 23 stocks that declined in their share prices.


CADBURY led other gainers in the course of last week with 42.31% growth, closing at N24.05 from the previous close of N16.30.

VERITAS KAPITALS, Julius Berger, TE INITIATE PLC and Jaiz Bank grew their share prices by 39.47%, 32.94%, 31.43% and 31.30% respectively.

Other top 10 gainers include: Guinea Insurance 29.73%, Linkage Assurance 27.83%, Universal Insurance 23.33%, C & I Leasing 21.89% and Royal Exchange 20.99% respectively.


DAAR COMMUNICATION led other price decliners, shedding 30.23% of its share price to close at N0.90 from the previous close of 1.29.

TOTAL ENERGY, NEM Insurance, CWG and May & Baker shed 10.00%, 9.45%, 9.29% and 7.73% respectively.

Other price decliners include: FIDSON (7.29%), CVERTON (6.82%), CUSTODIAN (6.45%), CUSTODIAN (6.37%) and Fidelity Bank (5.63%) respectively.

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