Toyin Samuel
The Nigerian stock market appreciated further last week, driven by gains in the prices of PRESCO, MTN Nigeria and other stocks led by UPDC. The All Share Index and Market capitalization rose by 1.38% and1.36% to settle at 105,933.03 and N65.592 trillion respectively.
An aggregate of 3 billion units of shares were traded in 72,534 deals, valued at N98 billion.
The market breadth closed positive as 58 stocks gained against 34 stocks that declined in their share prices.
TOP 10 GAINERS
UPDC led other gainers in the course of last week with 38.50% growth, closing at N2.59 from the previous close of N1.87.
ETERNA, International Energy Insurance, CADBURY and FIDSON grew their share prices by 32.79%, 29.53%, 27.61% and 24.40% respectively.
Other top 10 gainers include: Sovereign Trust Insurance 21.00%, BETAGLASS 20.98%, Northern Nigerian Flourmills 20.96%, CHELLARAM 20.83% and PRESCO 19.69% respectively.
TOP 10 LOSERS
Sunu Assurance led other price decliners, shedding 12.87% of its share price to close at N5.01 from the previous close of N5.75.
University Press, MULTIVERSE, SCOA and TRIPPLEG shed 10.00%, 9.95%, 9.83% and 9.72% respectively.
Other price decliners include: MECURE 9.71, THOMASWYAT 9.31%, Golden Breweries 8.91%, TANTALIZER 6.54% and Champion Breweries 6.33% respectively.
