The equity market last week for 3 straight days was bullish, occasioned by gains in the share price of Dangote Cement, BUA Cement and MTN bringing the week to a positive close. Week to date, the market returned 1.23%.
The All Share Index appreciated by 1.23% week on week to settle at 38,726.10 points from 38,256.99 points recorded the previous week. The Market Capitalisation appreciated by 1.23% to close the week at N20.185 trillion from N19.940 trillion recorded the previous week. Year to date, the market returned -3.84%.
An aggregate of 1.082 billion units of shares were traded last week in 17,933 deals, valued at N9.548 billion.
The Market Breadth closed firm as 33 equities appreciated in their share prices against 33 equities that declined in their share prices.
Top 10 Gainers
- University Press led other gainers with 43.59% growth week on week to close at N1.68 from N1.17.
- Morison Industries, Veritas Kapital Assurance, Vitafoam, and Berger Paints grew their share prices by 20.21%, 20%, 10.89% and 9.84% respectively.
- Other top 10 gainers include: Consolidated Hallmark Insurance (9.59%), MRS (9.57%), Coronation Insurance (9.26%), ABC Transport (8.82%) and FCMB (8.20%) respectively.
Top 10 Losers
- CWG led other price decliners week on week, as it shed 26.09% of its share price to close at N1.53 from N2.07.
- Royal Exchange, Chemical Allied & Products, Champion Breweries and Ikeja Hotel shed 11.11%, 10.14%, 9.91% and 9.09% respectively.
- Other top 10 price decliners include: NASCON (-8.78%), Neimeth (-8.51%), Linkage Assurance (-8.33%), John Holts (-7.94%) and Africa Prudential (-7.81%) respectively.
GAINERS
LOSERS
