Stock market sustains uptrend amidst renewed investors’ optimism, returns 0.78% WtD

The Nigerian stock market last week closed on a bullish note amidst renewed investors’ optimism as the All Share Index and Market Capitalisation appreciated by 0.78% to close at 41,763.26 points and N21.794 trillion respectively.

An aggregate of 1.564 billion units of shares were traded in 21,621 deals, valued at N18.38 billion.

The Market Breadth closed positive as 34 equities emerged as gainers against 36 equities that declined in their share prices.

Top 10 Gainers

NGX Group Plc led other gainers with 23.94% growth week on week, to close at N22 from the previous close of N17.75.

Cutix Plc, Unilever, Custodian and Ecobank grew their share prices by 21%, 9.85%, 9.59% and 9.42% respectively.

Others among top ten gainers include: PZ (9.26%), Glaxosmith (7.69%), Nigerian Breweries (7.41%), BUA Cement (6.67%) and ABC Transport (6.25%) respectively.

Top 10 Losers

Royal Exchange Plc led other price decliners as it sheds 17.19% of its share price to close at N0.53 from the previous close of N0.64.

Universal Insurance, Initiate Plc, Academy Press and May & Baker shed their share prices by 9.09%, 8.51%, 8.33% and 8.02% respectively.

Others among top ten price decliners include: Mutual Benefit Assurance (-6.67%), United Capital (-6.60%), Japaul Gold (-6.38%), Cadbury (-5.88%) and NASCON Allied Industries (-5.48%) respectively.



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