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 109th most valuable stock on the NGX with a market capitalization of NGN 2.97 billion, which is about 0.0051% of the Nigerian Stock Exchange equity market.

MEYER5.60 ▪ 0.00
1 day ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume37,333
Number of Deals10
Gross Turnover205,153.32
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding531M
Market Capitalization2.97B
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 5.60. MEYER closed its last trading day (Friday, April 12, 2024) at 5.60 NGN per share on the Nigerian Stock Exchange (NGX). Meyer began the year with a share price of 3.59 NGN and has since gained 56% on that price valuation, ranking it ninth on the NGX in terms of year-to-date performance.

Meyer is the 104th most traded stock on the Nigerian Stock Exchange over the past three months (Jan 10 - Apr 12, 2024). MEYER has traded a total volume of 5.26 million shares—in 378 deals—valued at NGN 26.8 million over the period, with an average of 83,558 traded shares per session. A volume high of 983,034 was achieved on February 2nd 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
DANGCEMDangote Cement11.7T686.70+115%
TRANSCORPTranscorp Nigeria608B14.95+72.6%
BUACEMENTBUA Cement Plc4.85T143.20+47.6%
CUTIXCutix Plc11.3B3.20+36.2%
JBERGERJulius Berger Nigeria Plc93.6B58.50+36.1%
BERGERBerger Paints4.93B17.00+30.8%
CAPCAP Plc19.6B24.00+15.1%
SCOASCOA Nigeria1.4B2.15+8.59%
WAPCOLafarge Wapco540B33.50+6.35%
NOTORENotore Chemical Industries Plc101B62.50

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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