Market extends weekly gain by N144bn as NGXASI advances by 0.66% WtD

The Nigerian stock market last week closed on a positive note as the All Share Index and Market Capitalisation appreciated by 0.66% to close at 42,038.60 and N21.938 trillion. This translates to N144 billion gain week on week.   

An aggregate of 3 billion units of shares were traded in 25,931 deals, valued at N34.547 billion.

The Market Breadth closed positive as 47 equities emerged as gainers against 25 equities that declined in their share prices.


University Press led other gainers with 44.67% growth week on week, closing at N2.17 from the previous close of N1.5.

AIICO, Guinness, Cadbury and Ecobank grew there share prices by 31.91%, 23.05%, 18.13% and 17 88% respectively.

Other top ten gainers include: Total (17.52%), NPF Microfinance Bank (11.43%), Neimeth (10.23%), Courteville (10%) and Universal Insurance (10%) respectively.


Glaxo Smithkline Consumer Nigeria led other price decliners as it sheds 12.86% of its share price to close the week at N6.1 from the previous close of N7.

FTN Cocoa, Transcorp Hotel, FBNH and Regency Alliance shed their shares by 10.20%, 9.88%, 9.80% and 9.76% respectively.

Other top ten price decliners for the week include: CWG (-9.60%), NGX Group (-9.09%), ABC Transport (-8.82%), Sovereign Trust Insurance (-8.33%) and Africa Prudential (-6.62%) respectively.



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