Nigerian Bourse advances, returns 0.12% WtD

Toyin Samuel

The Nigerian stock market closed higher last week, driven by gains in 44 stocks that appreciated in their share prices, week on week.

The All Share Index and Market capitalization grew by 0.12% to settle at 52,657.88 points and N28.681 trillion respectively.

An aggregate of 756.7 million units of shares were traded in 18,248 deals, valued at N13.653 billion.

The market breadth closed positive as 44 stocks gained against 29 stocks that declined in their share prices.


TRIPPLEG led other gainers last week with 31.25% growth, closing at N1.05 from the previous close of N0.80.

International Energy Insurance, CHELLARAM, Mutual Benefits and ABC Transport grew their share prices by 28.57%, 23.97%, 23.33% and 17.24% respectively.

Other top 10 gainers include: UNILEVER 16.23%, CHAMS 15.38%, GEREGU 15.27%, JOHNHOLT 14.58% and JAPAULGOLD 13.33% respectively.


CWG led other price decliners, shedding 13.46% of its share price to close at N0.90 from the previous close of N1.04.

Nigerian Breweries, THOMAS WYYAT, COURTVILLE and IMG shed 9.69%, 9.66%, 6.00% and 5.41% respectively.

Other price decliners include: Unity Bank (5.17%), CADBURY (4.55%), Champion Breweries (4.00%), Livestock Feeds (3.57%) and RTBRISCOE (3.23%) respectively.

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