Toyin Samuel
The Nigerian stock market last week closed on a bullish note, buoyed by appreciation in the share prices of Airtel Africa, MTN Nigeria and other 54 stocks. The All Share Index and Market capitalization rose by 2.49% to settle at 111,742.01 and N70.463 trillion respectively.
An aggregate of 3.79 billion units of shares were traded in 89,636 deals, valued at N119 billion.
The market breadth closed positive as 56 stocks gained against 44 stocks that declined in their share prices.
TOP 10 GAINERS
University Press led other gainers in the course of last week with 35.32% growth, closing at N5.90 from the previous close of N4.36.
Redstar Express, OMATEK, ABC Transport and Northern Nigeria Flourmills grew their share prices by 23.99%, 20.00%, 18.47% and 17.02% respectively.
Other top 10 gainers include: ARADEL 15.22%, NAHCO 13.73%, MCNICHOLS 13.54%, FTN Cocoa 12.72% and Sovereign Trust Insurance 12.50% respectively.
TOP 10 LOSERS
ABBEY BUILDING led other price decliners, shedding 26.87% of its share price to close at N5.58 from the previous close of 7.63.
LEGEND, ENAMELWARE, IMG and MULTIVERSE shed 18.95%, 18.77%, 15.56% and 15.56% respectively.
Other price decliners include: SEPLAT (11.17%), SKY AVIATION (11.14%), CWG (10.78%), MEYER (10.20%) and TRIPPLEG (10.00%) respectively.