Stock market advances by 1.76% WtD, investors gain N61bn

Toyin Samuel

The Nigerian stock market advanced last week, driven by investors renewed interest in 61 equities that closed the week higher.

The All Share Index and Market capitalization grew by 1.76% to settle at 101,129.09 and N61.303 trillion respectively.

An aggregate of 2.54 billion units of shares were traded in 51,395 deals, valued at N91 billion.

The market breadth closed positive as 61 stocks gained against 26 stocks that declined in their share prices.

TOP 10 GAINERS

MRS led other gainers last week with 36.36% growth, closing at N180.00 from the previous close of N132.00.

ETERNA, Honeywell Flour, Academy press and Livestock Feeds grew their share prices by 32.36%, 31.52%, 30.16% and 26.87% respectively.

Other top 10 gainers include: UACN 26.30%, Sunu Assurance 22.79%, Universal Insurance 22.22%, Royal Exchange 21.67% and NAHCO 21.64% respectively.

TOP 10 LOSERS

JOHNHOLT led other price decliners, shedding 18.67% of its share price to close at N5.88 from the previous close of N7.23.

MULTIVERSE, UPL, TANTALIZER and PZ shed 18.58%, 16.27%, 13.04% and 8.00% respectively.

Other price decliners include: Dangote Sugar (7.14%), C & I Leasing (4.20%), Wema Bank (3.95%), HMCALL (3.85%) and ELLAHLAKES (3.83%) respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *