Market returns 3.38% WtD amidst renewed investors’ optimism

The Nigerian stock market last week closed on a bullish note gains in the share prices of Airtel Africa and Dangote Cement by 10% and 5.52% respectively.

The All Share Index and the Market Capitalisation appreciated by 3.38%, closing at 45,957.35 points and N24.761 trillion respectively.

In the course of last week, an aggregate of 1.86 billion units of shares were traded in 20.860 deals, valued at N47.486 billion.

The Market Breadth closed positive as 47 equities emerged as gainers against 23 equities that declined in their share prices.

TOP 10 GAINERS

Courteville Business Solutions Plc led other gainers as it grew its share price by 24.32% to close at N0.46 from the previous close of N0.37.

Northern Nigerian Flour Mills and Eterna Plc grew their share prices by 20.61% and 13.19% respectively.

Others among top ten gainers include: Skyway Aviation (10%), Neimeth (10%), The Initiate Plc (10%), Airtel Africa (10%), Seplat (9.43%), Learn Africa (9.32%) and Cadbury (7.95%) respectively.

TOP 10 LOSERS

Regency Assurance and Veritas Kapital Assurance both led other price decliners as they shed 8.7% of their share prices to close at N0.42 and N0.21 respectively.

Others among top ten price decliners include: NEM Insurance (-6.57%), Transcorp (-5.26%), Honeywell (-4.76%), Japaul Gold (-4.76%), Wema Bank (-4.49%), Sovereign Trust Insurance (-4%), Cornerstone Insurance (-3.64%) and Consolidated Hallmark Insurance (-2.99%) respectively.

GAINERS

LOSERS

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