Uptrend persists on NGX, as stock market gained N614bn in one week

Toyin Samuel

Trading of equities on the floor of the Nigerian Exchange (NGX) last week closed bullish as the All Share Index and Market Capitalization grew by 0.90% to settle at 109,710.37 points and N68.953 trillion respectively.

An aggregate of 2.6 billion units of shares were traded in 77,593 deals, valued at N63.78 billion.

The market breadth closed positive as 61 stocks gained against 31 stocks that declined in their share prices.

TOP 10 GAINERS

BETAGLASS led other gainers in the course of last week with 46.31% growth, closing at N235.05 from the previous close of N160.65.

Champion Breweries, CAVERTON, FTN Cocoa and Northern Nigeria Flourmills grew their share prices by 42.08%, 37.70%, 36.32%and 32.49% respectively.

Other top 10 gainers include: NPF Microfinance Bank (32.31%), NEIMETH (26.28%), May & Baker (25.74%), CHELLARAM (25.48%) and MCNICHOLS (24.71%) respectively.

TOP 10 LOSERS

MULTIVERSE led other price decliners, shedding 19.50% of its share price to close at N8.05 from the previous close of N10.00.

UNIONDICON, NAHCO, University Press and LEGENDINT shed their share prices by 11.38%, 9.64%, 8.90% and 6.67% respectively.

Other price decliners include: International Energy Insurance (6.59%), Dangote Sugar (4.76%), AIICO Insurance (4.19%), DEAPCAP (2.94%) and FIRSTHOLDING (2.73%) respectively.

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