Toyin Samuel
The Nigerian stock market bounced back last week, driven by appreciation in the prices of 56 stocks led by Oando Plc. The All Share Index and Market capitalization rose by 0.63% to settle at 96,579.54 and N55.478 trillion respectively.
An aggregate of 2.8 billion units of shares were traded in 50,488 deals, valued at N53 billion.
The market breadth closed positive as 56 stocks gained against 26 stocks that declined in their share prices.
TOP 10 GAINERS
OANDO led other gainers in the course of last week with 60.71% growth, closing at N76.90 from the previous close of N47.85.
DEAPCAP, MCNICHOLS, DAAR COMMUNICATION and Secure Electronic Technology grew their share prices by 57.14%, 56.57%, 55.32% and 53.49% respectively.
Other top 10 gainers include: OMATEK 33.33%, ETERNA OIL 31.43%, Julius Berger 31.15%, RTBRISCOE 31.00% and Sovereign Trust Insurance 21.43% respectively.
TOP 10 LOSERS
TRANSCORP POWER led other price decliners, shedding 9.99% of its share price to close at N335.20 from the previous close of 372.40.
MTN Nigeria, University Press, UCAP and EUNSELL 9.91%, 9.45%, 7.8% and 6.25% respectively.
Other price decliners include: CWG (5.98%), TANTALIZER (5.88%), FIDSON (5.45%), UNILEVER (5.26%) and VITAFOAM (5.17%) respectively.