Stock market sustains uptrend, returns 1.41% WtD

Toyin Samuel

The Nigerian stock market last week closed on a bullish note with 1.41% following 0.48% growth in the previous week.

Year to date, the market has returned 33.00% with the All Share Index and Market Capitalisation at 99,448.91 points and N60.261 trillion respectively.

An aggregate of 2.14 billion units of shares in 41,217 deals, valued at N85.9 billion.

The market breadth closed positive as 58 equities emerged as gainers while 18 equities declined in their share prices.

TOP 10 GAINERS

EUNISELL led 57 other gainers in the course of last week as it gained 20.69% to close at N3.50 from the previous close of N2.90.

UBA, UNILEVER, ABBEY BUILDING and OANDO grew their share prices by 18.50%, 18.45%, 16.91% and 16.43% respectively.

Others among top 10 gainers include: WAPIC 15.85%, Ikeja Hotel 15.00%, ABC Transport 12.50%, LASACO 11.28% and UPDC 10.81% respectively.

TOP 10 LOSERS

Dangote Sugar led other price decliners as it shed 10.13% of its share price to close at N31.50 from the previous close of N35.05.

JOHNHOLT, Secure Electronic Technology, Regency Alliance and International Breweries among other price decliners shed their share prices by 9.84%, 9.68%, 8.20% and 6.24% respectively.

Others among top 10 price decliners include: ARADEL (4.05%), C & I Leasing (3.96%), CUTIX (3.85%), FTN COCOA (3.74%) and MTN Nigeria (3.66%) respectively.

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