Stock market returns 6.54% in one week, investors gain N2.68tn

Toyin Samuel

The Nigerian stock market in the first week of the year closed on a bullish note as Transcorp, Dangote Cement, MTN Nigeria, Airtel Africa and other 84 stocks grew their share prices.

The All Share Index and Market capitalization rose by 6.54% to settle at 79,664.66 points and N43.594 trillion respectively.

An aggregate of 3.3 billion units of shares were traded in 46,994 deals, valued at N41.75 billion.

The market breadth closed positive as 88 stocks gained against 17 stocks that declined in their share prices.


TRANSCORP led other gainers in the course of last week with 46.19% growth, closing at N12.66 from the previous close of N8.66.

Ikeja Hotel, Unity Bank, AIICO and Linkage Assurance grew their share prices by 46.17%, 45.06%, 43.75% and 43.75% respectively.

Other top 10 gainers include: DAAR Communication 43.33%, DEAPCAP 39.66%, Sterling Bank 34.50%, Sovereign Trust Insurance 33.33% and INFINITY MORTGAGE BANK 33.00% respectively.


C & I Leasing led other price decliners, shedding 39.64% of its share price to close at N3.38 from the previous close of N5.60.

SCOA, Champion Breweries, CADBURY and MECURE shed 17.68%, 11.81%, 11.05% and 10.00% respectively.

Other price decliners include: May & Baker (9.75%), TRIPPLEG (9.30%), JOHNHOLT (8.62%), GUINNESS (7.58%) and STANBIC IBTC (5.96%) respectively.

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