Stock market sustains uptrend, returns 1.80% WtD

Toyin Samuel

The Nigerian stock market last week closed on a bullish note with 1.80% following 1.42% growth in the previous week, triggered by gains MTN Nigeria and other 50 stocks that appreciated in value last week.

Year to date, the market has returned 2.45% with the All Share Index and Market Capitalisation last week stand at 105,451.06 points and N64.303 trillion respectively.

An aggregate of 4.698 billion units of shares in 64,303 deals, valued at N65.6 billion.

The market breadth closed positive as 51 equities emerged as gainers while 39 equities declined in their share prices.

TOP 10 GAINERS

MULTIVERSE led 50 other gainers in the course of last week as it gained 53.42% to close at N12.35 from the previous close of N8.05.

Honeywell Flour, DAAR COMMUNICATION, MTN Nigeria and NCR grew their share prices by 31.67%, 25.71%, 21.00% and 20.66% respectively.

Others among top 10 gainers include: TRANSEXPRESS 20.48%, TRANSCORP 18.39%, LEARNAFRICA 16.97%, LINKAGE ASSURANCE 16.31% and University Press 15.58% respectively.

TOP 10 LOSERS

Sunu Assurance led other price decliners as it shed 36.52% of its share price to close at N7.30 from the previous close of N11.50.

Consolidated Hallmark Holdings, CAVERTON, RTBRISCOE and Jaiz Bank among other price decliners shed their share prices by 15.00%, 15.00%, 14.33% and 10.77% respectively.

Others among top 10 price decliners include: Prestige Assurance (10.27%), Cornerstone Insurance (10.11%), EUNISELL (9.96%), Royal Exchange (9.92%) and Sky Aviation (9.87%) respectively.

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