Toyin Samuel
The Nigerian stock market closed higher last week, driven by appreciation in the share prices of Dangote Cement, MTN Nigeria and other 63 stocks led by Honeywell Flour.
The All Share Index and Market capitalization rose by 2.00% and 2.78% week on week to settle at 108,053.95 and N67.418 trillion respectively. Year to date, the stock market has returned 4.98%.
An aggregate of 2.4 billion units of shares were traded in 80,988 deals, valued at N55.5 billion.
The market breadth closed positive as 65 stocks gained against 31 stocks that declined in their share prices.
TOP 10 GAINERS
Honeywell Flour led other gainers in the course of last week with 47.06% growth, closing at N14.00 from the previous close of N9.52.
UPDC, VFDGROUP, SMURFIT and Sunu Assurance grew their share prices by 45.95%, 30.63%, 30.00% and 27.94% respectively.
Other top 10 gainers include: Ikeja Hotel 24.44%, ETERNA OIL 22.78%, Dangote Cement 21.83%, MULTIVERSE 20.44% and Consolidated Hallmark Holding 20.07% respectively.
TOP 10 LOSERS
DAAR COMMUNICATION led other price decliners, shedding 13.58% of its share price to close at N00.70 from the previous close of 00.81.
International Energy Insurance, BUAFOOD, Golden Breweries and EUNISELL shed 10.80%, 10.00%, 9.91% and 9.67% respectively.
Other price decliners include: Julius Berger (8.44%), DEAPCAP (8.26%), FTN Cocoa (7.49%), WAPIC (7.20%) and Guinea Insurance (7.06%) respectively.