Toyin Samuel
The Nigerian stock market last week closed on a positive note, triggered by gains in the share prices of 41 equities.
The All Share Index was up by 0.81% to stand at 98,247.99 from 97,456.62 recorded previously
Market capitalization grew also by 0.81% to settle at N56.457 trillion from N56.002 trillion in the week before. This implies gain of N455 billion by investors.
An aggregate of 1.86 billion units of shares were traded in 40,096 deals, valued at N34 billion.
The market breadth closed positive as 41 stocks gained against 40 stocks that declined in their share prices.
TOP 10 GAINERS
CAVERTON led other gainers in the course of last week with 45.28% growth, closing at N3.69 from the previous close of N2.54.
Fidelity Bank, FIDSON, VITAFOAM and May & Baker grew their share prices by 24.20%, 21.76%, 21.55% and 20.93% respectively.
Other top 10 gainers include: MC NICHOLS 20.57%, Academy Press 20.53%, THOMASWYAT 15.47%, DAAR COMMUNICATION 15.38% and GEREGU 15.00% respectively.
TOP 10 LOSERS
Northern Nigeria Flour Mills led other price decliners, shedding 18.97% of its share price to close at N35.25 from the previous close of N43.50.
MECURE, TANTALIZER, RT BRISCOE and Chapel Hill Denham Nigeria shed 18.18%, 14.08%, 12.88% and 9.93% respectively.
Other price decliners include: Abbey Building (9.88%), JOHNHOLT (9.74%), Sovereign Trust Insurance (9.38%), Flour Mills (7.43%) and OANDO (7.36%) respectively.