Toyin Samuel
The Nigerian stock market last week closed higher, driven by appreciation in the prices of Airtel Africa, MTN Nigeria and other 75 stocks led by Ikeja Hotel.
The All Share Index and Market capitalization grew by 2.98% to settle at 60,968.27 and N33.198 trillion respectively.
An aggregate of 2.3 billion units of shares were traded in 28,095 deals, valued at N41.5 billion.
The market breadth closed positive as 77 stocks gained against 20 stocks that declined in their share prices.
TOP 10 GAINERS
Ikeja Hotel led other gainers in the course of last week with 33.00% growth, closing at N3.99 from the previous close of N3.00.
Transcorp Hotel, Eterna Oil, Sterling Bank and CHAMS grew their share prices by 32.95%, 32.49%, 30.74% and 29.82% respectively.
Other top 10 gainers include: RTBRISCOE 29.55%, OMATEK 28.57%, FTN COCOA 25.79%, NAHCO 21.67% and THOMASWYAT 20.77% respectively.
TOP 10 LOSERS
Secure Electronics Technology led other price decliners, shedding 13.16% of its share price to close at N0.33 from the previous close of N0.38.
Guinea Insurance, Universal Insurance, Sovereign Trust Insurance and Redstar Express shed 12.50%, 12.50%, 10.91% and 10.00% respectively.
Other price decliners include: PHARMADEKO (10.00%), Cornerstone Insurance (9.84%), C&I Leasing (9.79%), International Energy Insurance (7.64%) and Berger Paints (4.31%) respectively.