African Stock Exchanges

MEYER - Meyer Plc

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MEYER share price on Nigerian Stock ExchangeMEYER share price on Nigerian Stock Exchange

Meyer Plc (previously DN Meyer) is a manufacturer and marketer of paints. The company was incorporated on 20th May, 1960 and subsequently converted to a public company in 1979. Meyer Plc is an offshoot of the former Hagemeyer Nigeria Limited, the manufacturer of Sigma Paints and Cosmetics. In 1994, Hagemeyer was bought over by Dunlop Nigeria Plc, which led to the change of both the corporate and brand names to Meyer Plc and Meyer Paints respectively. However, in July 2003, Dunlop Nigeria divested its controlling shares from DN Meyer Plc to ACIMS Limited and Meyer Plc ceased to be a subsidiary of Dunlop Nigeria. About this same period, Meyer Plc acquired the flooring adhesives business of Dunlop, extending the scope of its operation from the production and marketing of only paints to the production and marketing of floor tiles and adhesives.

Meyer Plc is listed on the Nigerian Stock Exchange (NGX). Meyer is traded on the NGX under the ticker symbol “MEYER”. The International Securities Identification Number (ISIN) of NGX:MEYER is NGMEYER00006. Meyer Plc is currently the 120th most valuable stock on the NGX with a market capitalization of NGN 1.61 billion, which is about 0.0044% of the Nigerian Stock Exchange equity market.

MEYER3.04 ▪ 0.00
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume20,003
Number of Deals3
Gross Turnover66,410.02
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding531M
Market Capitalization1.61B
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated

MEYER Stock Market Performance


The current share price of Meyer Plc (MEYER) is NGN 3.04. MEYER closed its last trading day (Friday, September 29, 2023) at 3.04 NGN per share on the Nigerian Stock Exchange (NGX). Meyer began the year with a share price of 2.27 NGN and has since gained 33.9% on that price valuation, ranking it 70th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about MEYER knowing the stock has accrued 9% over the past four-week period—24th best on NGX.

Meyer is the 117th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 4 - Sep 29, 2023). MEYER has traded a total volume of 2.85 million shares—in 253 deals—valued at NGN 8.05 million over the period, with an average of 45,206 traded shares per session. A volume high of 373,616 was achieved on September 6th for the same period. The table below details the last 10 trading days of activity of Meyer on the Nigerian Stock Exchange.


Profile of Meyer Plc

Meyer Plc operates in the Industrials sector.

Factsheet of Meyer Plc

Plot 34, Oregun Indus Estate, Alausa-Ikeja, Lagos PMB 21002, Nigeria

MEYER Industrial Market Competitors

Meyer Plc, issuers of the MEYER stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Industrials sector. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

CodeNameM. Cap.CloseYTD
TRANSCORPTranscorp Nigeria243B5.99+430%
SKYAVNSkyway Aviation Handling Co. Plc34.3B25.35+407%
JOHNHOLTJohn Holt Plc576M1.48+103%
BERGERBerger Paints3.38B11.65+94.2%
CHELLARAMChellarams Plc2.79B3.86+72.3%
BETAGLASBeta Glass Company36.5B60.90+53.8%
SCOASCOA Nigeria819M1.26+37%
DANGCEMDangote Cement5.79T340.00+30.3%
JBERGERJulius Berger Nigeria Plc49.4B30.85+25.9%
WAPCOLafarge Wapco482B29.95+24.8%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

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