Toyin Samuel
The Nigerian stock market closed higher last week, driven by gains in MTN Nigeria and other 52 stocks that appreciated in their share prices week to date
The All Share Index and Market capitalization soared by 1.18% and 1.19% to settle at 72,389.23 points and N39.613 trillion respectively.
An aggregate of 1.88 billion units of shares were traded in 33,020 deals, valued at N31.6 billion.
The market breadth closed positive as 53 stocks gained against 32 stocks that declined in their share prices.
TOP 10 GAINERS
INFINITY led other gainers last week with 59.32% growth, closing at N2.82 from the previous close of N1.77.
SCOA, DAAR Communication, JOHNHOLT and DEAPCAP grew their share prices by 28.89%, 27.78%, 20.54% and 14.75% respectively.
Other top 10 gainers include: Sterling Bank 10.00%, SFSREIT 9.98%, CADBURY 9.93%, ACCESSCORP 9.63% and Ecobank 9.40% respectively.
TOP 10 LOSERS
Secure Electronic Technology led other price decliners, shedding 16.00% of its share price to close at N0.63 from the previous close of N0.75.
ETERNA OIL, THOMASWYAT, JULI and Ne Insurance shed 11.84%, 11.14%, 9.72% and 9.32% respectively.
Other price decliners include: UPDCREIT (9.00%), OMATEK (8.75%), Sunu Assurance (7.94%), MECURE (7.69%) and Universal Insurance (7.14%) respectively.