MEYER - Meyer Plc
MEYER share price on Nigerian Stock ExchangeMeyer 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.
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| Traded Volume | 0 |
| Number of Deals | 0 |
| Gross Turnover | 0.00 |
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| Shares Outstanding | 531M |
| Market Capitalization | 292M |
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated
MEYER Stock Market Performance
| 6MO | 1YR | YTD |
|---|
| -6.78% | +10% | +19.6% |
The current share price of Meyer Plc (MEYER) is NGN 0.55. MEYER closed its last trading day (Tuesday, January 18, 2022) at 0.55 NGN per share on the Nigerian Stock Exchange (NGX). Meyer began the year with a share price of 0.46 NGN and has since gained 19.6% on that price valuation, ranking it seventh on the NGX in terms of year-to-date performance. Shareholders can be optimistic about MEYER knowing the stock has accrued 31% over the past four-week period alone—fourth best on NGX.
Meyer is the 100th most traded stock on the Nigerian Stock Exchange over the past three months (Oct 21, 2021 - Jan 20, 2022). MEYER has traded a total volume of 2.33 million shares—in 39 deals—valued at NGN 716,823 over the period, with an average of 36,954 traded shares per session. A volume high of 884,631 was achieved on December 2nd for the same period. The table below details the last 10 trading days of activity of Meyer on the Nigerian Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|
| 2022-01-18 | 1,999 | 0.55 | | |
| 2022-01-13 | 4,800 | 0.55 | | |
| 2022-01-12 | 187 | 0.55 | | |
| 2022-01-10 | 420 | 0.55 | | |
| 2022-01-07 | 104,800 | 0.55 | +0.05 | +10.00% |
| 2022-01-06 | 100,000 | 0.50 | +0.04 | +8.70% |
| 2022-01-05 | 26,480 | 0.46 | | |
| 2021-12-24 | 10,000 | 0.46 | | |
| 2021-12-21 | 100,000 | 0.46 | +0.04 | +9.52% |
| 2021-12-20 | 630 | 0.42 | | |
Profile of Meyer Plc
Meyer Plc operates in the Industrials sector.
Factsheet of Meyer Plc
- Sector
- Industrials
- Industry
- —
- Address
- Plot 34, Oregun Indus Estate, Alausa-Ikeja, Lagos PMB 21002, Nigeria
- Telephone
- +234-1-271-5201
MEYER Industrial Market Competitors
Meyer Plc, issuers of the MEYER (ISIN: NGMEYER00006) 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.
Index of African Stock Exchanges:
- Botswana Stock Exchange
- BRVM Stock Exchange
- Ghana Stock Exchange
- Johannesburg Stock Exchange
- Lusaka Stock Exchange
- Malawi Stock Exchange
- Nairobi Securities Exchange
- Nigerian Stock Exchange
- Uganda Securities Exchange
- Zimbabwe Stock Exchange