Toyin Samuel
The Nigerian stock market last week closed higher, driven by gains in share prices of 52 stocks, week on week.
The All Share Index and Market capitalization soared by 1.06% and 1.10%to settle at 97,456.62 and N56.002 trillion respectively.
An aggregate of 2.58 billion units of shares were traded in 50,617 deals, valued at N51.207 billion.
The market breadth closed positive as 52 stocks gained against 31 stocks that declined in their share prices.
TOP 10 GAINERS
CAVERTON led other gainers last week with 59.75% growth, closing at N2.54 from the previous close of N1.59.
RTBRISCO, UPDC, FBNH and ETRANZACT grew their share prices by 42.89%, 36.92%, 31.52% and 30.08% respectively.
Other top 10 gainers include: BERGER PAINTS 27.73%, Flourmills of Nigeria 22.47%, ABC Transport 15.38%, FTN Cocoa 15.23% and Livestock 15.04% respectively.
TOP 10 LOSERS
LEARNAFRICA led other price decliners, shedding 22.15% of its share price to close at N3.62 from the previous close of N4.65.
Julius Berger, PZ, DAAR COMMUNICATION and Sovereign Trust Insurance shed 17.89%, 17.63%, 12.16% and 11.11% respectively.
Other price decliners include: TRANSCORP POWER (9.99%), Northern Nigeria Flourmills (9.94%), Academy Press (9.93%), University Press (8.99%) and Sky Aviation (8.92%) respectively.