The equity market last week closed on a positive note as prices of stocks begin to show sign of recovery. For 3 straight days in the course of the week, precisely Tuesday, Wednesday and Thursday, the market closed positive; except for Monday and Friday were it closed in red.
Overall, the market closed the week on a positive note as the All Share Index and Market Capitalisation appreciated by 1.11% week on week to close settle at 39,156.28 points and N20.409 trillion respectively. Year to date the market has returned -2.77%.
An aggregate of 1.058 billion units of shares were traded in 17,854 deals, valued at N12.83 billion.
The Market Breadth last week closed negative as 35 equities appreciated in their share prices against 36 equities that declined in their share prices.
Top 10 Gainers
- Cutix Plc led other gainers with 23.56% growth week on week to close at N2.78 from N2.25.
- Okomu Oil, Morison, Conoil and PZ grew their share prices by 20.73%, 9.73%, 9.63%, 9.09% respectively.
- Other top 10 gainers include: Unilever (7.56%), NASCON (7.41%), Honeywell Flour (7.14%) and Africa Prudential (6.78%) respectively.
Top 10 Losers
- CWG led other price decliners last week as it shed 26.14% of its share price to close at N1.13 from N1.53.
- FTN Cocoa, NEM Insurance, Juli Plc and Stanbic IBTC shed their share prices by 15.38%, 13.46%, 9.93% and 9.09% respectively.
- Other top 10 prices decliners include: Japaul Gold (-8.47%), Consolidated Hallmark Insurance (-7.50%), Ikeja Hotel (-7.00%), Coronation Insurance (-6.78%) and Champion Breweries (-5.76%) respectively.
GAINERS
LOSERS
