Market advances by 1.47% WtD as investors anticipate Q2 earnings release

The Nigerian equity market last week closed on a bullish note as the All Share Index the appreciated by 1.47% week on week to settle at 38,212.01 points from 37,658.26 points it closed the previous week.

Investors gained N292 billion last week as Market Capitalisation grew by 1.49% to close at N19.919 trillion from N19.627 trillion it closed the previous week.

An aggregate of 1.02 billion units of shares were traded in 17,565 deals, valued at N14.145 billion.

The Market Breadth closed positive as 43 equities appreciated in their share prices against 26 equities that declined in their share prices the previous week.

Top 10 Gainers

Ikeja Hotel led other gainers with 60% growth, week on week to at N1.60 from the previous close of N1.

Linkage Assurance, Wema Bank, Tripple Gee and Berger Paints grew their share prices by 30.77%, 23.33%, 20% and 19.48% respectively.

Others among top 10 gainers include: Learn Africa (18.10%), Vita Foam (12.28%), Nestle (10%), NASCON (9.76%) and Cadbury (9.62%) respectively.

Top 10 Losers

BOC Gases led other price decliners as it shed 18.96% of its share price, week on week to close at N8.55 from the previous close of N10.55.

Regency Assurance, Royal Exchange, University Press and FTN Cocoa shed their share prices by 14.29%, 12.70%, 8.98% and 6.06% respectively.

Others among top 10 price decliners include: Jaiz Bank Plc (-5.00%), Mutual Benefit Assurance (-4.76%), Conoil (-4.31%), Veritas Kapital Assurance (-3.85%) and MCNICHOLS (-3.75%) respectively.

GAINERS

LOSERS

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