Toyin Samuel
The Nigerian stock market last week closed on a bullish note, driven by growth in the prices of Dangote Cement, NESTLE, MTN Nigeria and other 65 stocks. The All Share Index and Market capitalization rose by 2.54% to settle at 108,733.40 and N68.339 trillion respectively.
An aggregate of 2.6 billion units of shares were traded in 86,110 deals, valued at N77 billion.
The market breadth closed positive as 68 stocks gained against 28 stocks that declined in their share prices.
TOP 10 GAINERS
MULTIVERSE led other gainers in the course of last week with 57.48% growth, closing at N10.00 from the previous close of N6.35.
Academy Press, BETAGLASS, THE INITIATES and International Energy Insurance grew their share prices by 50.52%, 46.31%, 34.95% and 31.88% respectively.
Other top 10 gainers include: CHELLARAM 31.81%, Sky Aviation 30.11%, ABC Transport 26.55%, CADBURY 22.26% and Northern Nigeria Flourmill 20.67% respectively.
TOP 10 LOSERS
Abbey Building led other price decliners, shedding 15.66% of its share price to close at N7.00 from the previous close of 8.30.
MEYER, Veritas Kapital, VFDGROUP and TRANSPOWER shed 13.51%, 10.81%, 10.61% and 9.98% respectively.
Other price decliners include: HMCALL (9.57%), TRANSCORP (7.69%), DEAPCAP (7.27%), Regency Alliance (6.78%) and UCAP (6.58%) respectively.