Toyin Samuel
The Nigerian stock market stretched its positive momentum as the All Share Index and Market Capitalisation touched a new high, driven by strong corporate earnings and investors’ sentiment in large-cap stocks such as Dangote Cement, MTN Nigeria, Lafarge Africa, BETAGLASS, BUAFOOD and ARADEL.
The All-Share Index was up by 5.07% to close the week at 141,263.05 points from 134,452.93 points recorded the previous week.
Market capitalization advanced by 5.08% to settle at N89.373 trillion from the previous close of N85.055 trillion.
Year-to-date (YTD), the market has returned 37.25%
It was broadly positive in sectoral performance last week, with the exception of NGX Oil and Gas Index which declined by 0.48% and NGX Insurance Index dropped by 10.93%. The NGX growth Index appreciated by 12.26%, Industrial goods Index 10.12%, Premium Index 9.21% and NGX Lotux II 8.18%.
An aggregate of 4.8 billion units of shares were traded in 174,265 deals, valued at N150 billion.
The market breadth closed positive as 54 equities emerged as gainers while 49 equities declined in their share prices.
TOP 10 GAINERS
UACN led the gainers’ chart with 60.69% to close at 88.30 from the previous close of N54.95.
MECURE, CUSTODIAN, VERITAS KAPITAL and TRIPPLEG grew their share prices by 41.52%, 27.87%, 23.01% and 22.51% respectively.
Others among top 10 gainers include: MULTIVERSE 20.58%, Wema Bank 20.10%, MTN Nigeria 20.00%, Royal Exchange 20.00% and WAPCO 19.15% respectively.
TOP 10 LOSERS
ABBEYBUILDING led other price decliners as it shed 34.13% of its share price to close at N5.27 from the previous close of N8.00.
FTN COCOA, Cornerstone Insurance, NAHCO and THE INITIATES among other price decliners shed their share prices by 20.30%, 15.99%, 15.13% and 14.76% respectively.
Others among top 10 price decliners include: LASACO (14.75%), University Press (13.71%), Secure Electronic Technology (13.04%), NGXGROUP (12.28%) and C & I Leasing (11.68%) respectively.