Nigerian stock market gains N1.67tn in one week, returns 4.56%

Toyin Samuel

The Nigerian stock market closed higher last week, driven by growth in the share prices of Dangote Cement, Airtel Africa, PRESCO and other 60 stocks

The All Share Index and Market capitalization rose by 4.56% and N4.53% to settle at 70,197.77 points and N38.557 trillion respectively.

An aggregate of 2.45 billion units of shares were traded in 37,959 deals, valued at N40.57 billion.

The market breadth closed positive as 63 stocks gained against 29 stocks that declined in their share prices.


Mutual Benefits led other gainers in the course of last week with 29.27% growth, closing at N0.53 from the previous close of N0.41.

JAPAULGOLD, Airtel Africa, OMATEK and CADBURY grew their share prices by 28.28%, 27.85%, 27.27% and 25.00% respectively.

Other top 10 gainers include: Ikeja Hotel 22.81%, UACN 22.14%, Northern Nigeria, Flourmills 21.21%, TANTALIZER 20.59% and FTN Cocoa 17.95% respectively.


RT BRISCOE led other price decliners, shedding 14.00% of its share price to close at N0.43 from the previous close of 0.50.

BETAGLASS, MEYER, ABBEYBUILDING and LEARNAFRICA shed 10.46%, 9.87%, 9.71% and 9.70% respectively.

Other price decliners include: THOMASWYAT (8.19%), ELLAHLAKES (7.47%), Jaiz Bank (6.55%), VFDGROUP (6.05%) and MTN Nigeria (5.07%) respectively.

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