Bullish trend persist on NGX, ASI returns 2.26% WtD

Toyin Samuel

Trading on the floor of the Nigerian stock market last week closed on a bullish note as 55 stocks appreciated in value, thereby gaining N894 billion.

The All Share Index and Market capitalization grew by 2.26% to settle at 74,023.27 points and N40.507 trillion respectively.

An aggregate of 2.47 billion units of shares were traded in 35.8 deals, valued at N53.8 billion.

The market breadth closed positive as 55 stocks gained against 35 stocks that declined in their share prices.


INFINITY Mortgage Bank led other gainers in the course of last week with 60.64% growth, closing at N4.53 from the previous close of N2.82

DAAR Communication, MULTIVERSE, Trasnscorp Hotel and TRANSCORP grew their share prices by 50.00%, 41.25%, 36.03% and 26.44% respectively.

Other top 10 gainers includes: UCAP 20.42%, Abbey Building 19.48%, IMG 19.41%, Northern Nigeria Flourmills 17.42% and CUSTODAIN 16.34% respectively.


ABC Transport led other price decliners, shedding 16.48% of its share price to close at N0.76 from the previous close of N0.91.

OMATEK, ETRANZACT, Sovereign Trust Insurance and THOMASWYAT shed their share prices by 12.33%, 12.32%, 10.26% and 10.17% respectively.

Other price decliners includes: ELLAHLAKES (9.94%), TRIPPLEG (9.66%), Prestige Assurance (9.62%), JULI (9.23%) and GUINNESS (8.69%) respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *