NGX Regco builds shareholders’ capacity on corporate governance
Nigerian Stock Market

Adebayo Obajemu

The Nigerian stock market last week closed on a positive note with 0.79% growth, week on week. Year to date, the market has returned 16.36% with All Share Index and Market Capitalisation at 49,706.09 points and N27.074 trillion respectively.

In the course of last week, an aggregate of 860.93 million units of shares were traded in 14,502 deals, valued at N16.13 billion.

The market breadth closed positive as 41 equities emerged as gainers against 17 equities that declined in their share prices.


Thomas Wyatt led other gainers in the course of last week with 42.11% growth, closing at N0.81 from the previous close of N0.57.

Royal Exchange, Champion Breweries, Ardova and Custodian Investment also grew their share prices by 16.47%, 14.63%, 12.57% and 11.21% respectively.

Others among top 10 gainers include: Julius Berger (9.91%), University Press (9.83%), Fidelity Bank (9.41%), Geregu Power (8.96%) and Honeywell (8.96%) respectively.


UPDC led other price decliners as it shed 8.08% of its share price to close at N0.91 from the previous close of N0.99. This followed by PZ as it shed 8.06% of its share price.

Neimeth, Mutual Benefit Assurance and RT Briscoe also shed their share prices by 6.90% respectively.

Others among top 10 price decliners include: FTN Cocoa (-6.45%), LASACO (-5.56%), Chams Plc (-4.35%), Cornerstone Insurance (-3.85%) and Sunu Assurance (-3.33%) respectively.

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