The Nigerian stock market saw a range of movements this week, with notable gains in select stocks and losses in others. As of Friday, February 28, 2025, the equity market recorded impressive performances in some stocks, while others witnessed significant declines. Here’s a breakdown of the top gainers and losers for the week.
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Leading the charge in gains was PZ Cussons, which saw a remarkable surge of 31.1%, closing at N35.40, up from N27.00 at the beginning of the week. CAVERTON also enjoyed a solid performance, rising by 22.9% to N2.95 from N2.40, while LIVESTOCK FEEDS gained 22.8%, climbing from N6.05 to N7.43.
UHOMREIT followed suit, advancing by 20.9% to N44.25, up from N36.60. ABC Transport also posted a notable rise of 15.4%, closing at N1.42, up from N1.23. Other significant gainers included JOHN HOLT, which increased by 14.0% to N7.98, and AUSTIN LAZ, which rose 10.0% to N2.09.
Stocks such as Ikeja Hotel and Royal Exchange also saw positive growth. Ikeja Hotel gained 10.0%, reaching N12.10 from N11.00, while Royal Exchange appreciated by 7.1%, moving from N0.84 to N0.90. McNichols also recorded a 6.3% increase, closing at N1.70 from N1.60.
Bottom Losers:
On the flip side, SUNU Assurances faced significant sell-offs, dropping by 19.5% to N5.31, down from N6.60. Similarly, Eunisell saw a 18.7% decrease, falling from N12.05 to N9.80. Learn Africa wasn’t spared either, shedding 16.5% to settle at N3.30, down from N3.95.
Guinea Insurance also witnessed a 15.8% decline, falling to N0.64 from N0.76. Meanwhile, International Energy Insurance decreased by 14.8%, dropping to N2.01 from N2.36. Sovereign Trust Insurance and Ecobank Transnational Incorporated (ETI) recorded losses of 13.6% and 12.4%, respectively, with Sovereign Trust closing at N1.14 from N1.32 and ETI dropping to N30.40 from N34.70.
The Prestige Assurance stock experienced an 11.3% decline, moving from N1.24 to N1.10, while Union Dicon and Northern Nigeria Flour Mills (NNFM) both saw 10.0% reductions, closing at N5.40 and N72.55, respectively.
The mixed performance reflects the ongoing market adjustments as investors continue to react to market developments and earnings reports. Moving forward, attention will likely remain on earnings releases and portfolio adjustments as the market seeks direction.
