Market returns 0.05% WtD as investors anticipate Q3 results

The Nigerian stock market last week closed on a positive note as All Share Index and the Market Capitalisation appreciated by 0.05% to close at 38,962.28 points and N20.300 trillion respectively.

An aggregate of 1.29 billion units of shares were traded in 16,745 deals, valued at N13.92 billion.

NGX Insurance, Oil& Gas and Industrial grew by 1.75%, 1.38% and 0.23% respectively; while NGX Banking, Pension and Consumer Goods indices declined by 0.43%, 0.05% and 0.04% respectively.

The Market Breadth closed last week positive as 28 equities emerged as gainers while 23 equities declined in their share prices.

Top 10 Gainers

Pharmadeko led other gainers as it grew its share price 32.10% week on week to N2.14 from the previous close of N1.62.

NAHCO, Conoil, Cornerstone Insurance and Courtville grew their share prices by 15.13%, 14.09%, 11.54% and 10.34% respectively.

Others among top 10 gainers include: Transcorp Hotel (10%), MRS (9.75%), Consolidated Hallmark (9.62%), Chams Plc (9.52%) and Eterna (7.36%)

Top 10 Losers

SCOA led other price decliners in the course of last week by 17.92% to close at N0.87 from N1.06.

Presco, Neimeth, Honeywell Flour and Cutix shed their share prices by 8.18%, 7.89%, 5.00% and 4.12% respectively.

Others among top 10 decliners include: Japaul Gold (-4.00%), Sovereign Trust Insurance (-3.85%), Total Energy (-3.61%), UCAP (-3.37%) and Red Star Express (-3.23%) respectively.

GAINERS

LOSERS

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