Toyin Samuel
The Nigerian stock market last week closed higher, driven by gains in MTN Nigeria and other 40 stocks that appreciated in their share prices.
The All Share Index and Market capitalization soared by 0.20% and 0.26% to settle at 65,325.37 and N35.572 trillion respectively.
An aggregate of 1.74 billion units of shares were traded in 30,652 deals, valued at N25 billion.
The market breadth closed negative as 41 stocks gained against 44 stocks that declined in their share prices.
TOP 10 GAINERS
Guinea Insurance led other gainers last week with 50.00% growth, closing at N0.39 from the previous close of N0.26.
THE INITIATES, CHELLARAM, Sunu Assurance and Cornerstone Insurance grew their share prices by 30.56%, 29.79%, 23.66% and 21.65% respectively.
Other top 10 gainers include: THOMAS WYAT 20.56%, TANTALIZER 18.18%, Ikeja Hotel 17.77%, CWG 13.53% and GLAXOSMITH 13.48% respectively.
TOP 10 LOSERS
JOHNHOLT led other price decliners, shedding 18.37% of its share price to close at N1.20 from the previous close of N1.47.
Dangote Sugar, RTBRISCOE, NASCON and MULTIVERSE shed 12.00%, 10.42%, 10.00% and 10.00% respectively.
Other price decliners include: CAP (10.00%), Northern Nigeria Flour Mills (9.89%), Prestige Assurance (9.80%), Mutual Benefits (9.62%) and Academy Press (9.36%) respectively.