The Nigerian stock market last week closed on a bullish note, triggered by rally in the share prices of Dangote Cement, Seplat Energy and 49 other equities.
The All Share Index appreciated by 1.88% week on week to close at 47,510.38 points from the previous close of 46,631.46 points. The Market Capitalisation grew by 1.89% to close at week at N25.613 trillion from the previous close of N25.139 trillion, thereby gaining N474 billion.
Year to date, the Nigerian stock market has recorded 11.22% growth.
An aggregate of 1.25 billion units of shares were traded in 23,409 deals, valued at N22.38 billion.
The market breadth closed positive as 51 equities emerged as gainers against 18 equities that declined in their share prices.
TOP 10 GAINERS
Meyer Plc led other gainers last week with 41.59% growth, closing at N1.60 from the previous close of N1.13.
Learn Africa, Berger Paints, NAHCO and UACN grew their share prices by 20.23%, 16.94%, 14% and 13.86% respectively.
Others among top ten gainers include: Nigerian Breweries (11.82%), Neimeth (11.27%) and Livestock Feeds (10.06%) respectively. CAP Plc, SFS Real Estate Investment Trust and Coronation Insurance gained 10% respectively.
TOP 10 LOSERS
Academy Press led other price decliners in the course of last week, shedding 18.64% to close at N1.44 from the previous close of N1.77.
Prestige Assurance, Sunu Assurance, Stanbic IBTC and Regency Alliance shed their share prices by 11.11%, 7.69%, 5.86% and 5.41% respectively.
Others among top 10 price decliners include: RT Briscoe (-5%), Sterling Bank (-4.76%), Multiverse (-4.55%), Unilever (-4.51%) and Mutual Benefit Assurance (-3.85%) respectively.
GAINERS
LOSERS
