Toyin Samuel
The Nigerian stock market last week closed on a positive note, driven by gains in 45 stocks that appreciated in their share prices.
The All Share Index and Market capitalization soared by 0.21 to settle at 98,458.68 and N98.247.99 trillion respectively.
An aggregate of 3.3 billion units of shares were traded in 49,242 deals, valued at N45.9 billion.
The market breadth closed positive as 45 stocks gained against 33 stocks that declined in their share prices.
TOP 10 GAINERS
ELLAH LAKES led other gainers last week with 59.74% growth, closing at N4.92 from the previous close of N3.08.
Regency Alliance, Flourmills of Nigeria, Sterling Bank and Wema Bank grew their share prices by 53.33%, 22.89%, 22.19% and 17.65% respectively.
Other top 10 gainers include: ABC Transportation 16.16%, PZ 12.39%, DEAPCAP 12.12%, Livestock Feeds 12.00% and Jaiz Bank 11.16% respectively.
TOP 10 LOSERS
CAVERTON led other price decliners, shedding 27.37% of its share price to close at N2.68 from the previous close of N3.69.
MULTIVERSE, Okomu Oil, Secure Electronic Technology and LEARNAFRICA shed 19.64%, 13.10%, 10.45% and 10.22% respectively.
Other price decliners include: Berger Paints (9.83%), Northern Nigerian Flourmills (9.50%), CADBURY (9.39%), International Breweries (8.86%) and OANDO (8.85%) respectively.