Toyin Samuel
The Nigerian stock market closed on a positive note, driven by growth in the share prices of 29 stocks.
The All Share Index grew by 0.09% to settle at 97,606.63 points from 97,520.54 points recorded the previous week.
Investors gained N49 billion as Market capitalization closed at N56.088 trillion, up by 0.09% from N56.039 trillion recorded the previous week.
An aggregate of 2.97 billion units of shares were traded in 42,482 deals, valued at N31.5 billion.
The market breadth closed negative as 29 stocks gained against 52 stocks that declined in their share prices.
TOP 10 GAINERS
MECURE led other gainers last week with 19.53% growth, closing at N10.10 from the previous close of N8.45.
University Press, LASACO, Fidelity Bank and PZ grew their share prices by 17.51%, 17.39%, 13.08% and 11.61% respectively.
Other top 10 gainers include: Julius Berger 9.33%, Royal Exchange 8.96%, GOLDBREW 7.94%, RedStar Express 7.89% and ABC Transport 7.32% respectively.
TOP 10 LOSERS
TRIPPLEG led other price decliners, shedding 59.56% of its share price to close at N2.01 from the previous close of N4.97.
DAAR COMMUNICATION, African Prudential, Regency Alliance and TANTALIZER shed 25.00%, 13.15%, 12.20% and 10.45% respectively.
Other price decliners include: UPDC (10.12%), SCOA (10.00%), Berger Paints (9.95%), Nem Insurance (9.71%) and ETERNA OIL (8.52%) respectively.