Toyin Samuel
The Nigerian stock market last week closed on a positive note, triggered by gains in in the share price of 28 stocks.
The All Share Index and Market Capitalisation grew by 0.41% and 0.29% week on week to 108,497.40 points and N67.614 trillion respectively.
An aggregate of 2 billion units of shares were traded in 70,852 deals, valued at N49.5 billion.
The market breadth closed negative as 28 stocks emerged as gainers against 58 stocks that declined in their share prices.
TOP 10 GAINERS
Abbey Mortgage Bank Plc led other gainers in the course of last week with 16.13% growth, closing at N3.60 from the previous close of N3.10.
Smart Product Nigeria, Dangote Sugar, BUAFOODS and Sovereign Trust Insurance grew their share prices by 15.58%, 15.00%, 11.59% and 11.86% respectively.
Other top 10 gainers include: Champion Breweries 9.87%, ENAWELMA 9.43%, WAPIC 9.39%, Redstar Express 6.67% and NASCON 6.33% respectively.
TOP 10 LOSERS
Union Dicon Salt Plc led other price decliners, shedding 25.00% of its share price to close at N6.00 from the previous close of N8.00.
Ikeja Hotel, UPDC, Academy Press and OANDO shed 21.43%, 17.99%, 16.52% and 15.71% respectively.
Other top 10 price decliners include: Royal Exchange (15.15%), ELLAH LAKES (14.17%), ETERNA OIL (9.78%), VDFGROUP (9.66%) and UPDCRIET (8.78%) respectively.