Market returns 0.55% WtD, gains 158bn

The Nigerian stock market last week closed on a bullish note. The growth is largely traceable to the growth in the share prices of MTN, Presco and 27 other stocks on the gainers’ chart.

The All Share Index and Market Capitalisation grew by 0.55% week on week to 53,201.38 points and N28.681 trillion respectively.

An aggregate of 1.83 billion units of shares were traded in 21,723 deals, valued at N19.494 billion.

The market breadth closed negative as 29 stocks emerged as gainers against 36 stocks that declined in their share prices.

TOP 10 GAINERS

Global Spectrum Energy Services Plc led other gainers in the course of last week with 10.00% growth, closing at N2.75 from the previous close of N2.50.

Conoil, Fidson, UPL and PHARMADEKO grew their share prices by 9.97%, 9.59%, 9.43% and 9.37% respectively.

Other top 10 gainers include: TRANSCORP (8.66%), ELLAHLAKE (7.89%), Jaiz Bank (7.78%), FCMB (7.03%) and FTN COCOA (5.88%) respectively.

TOP 10 LOSERS

Industrial & Medical Gases Nigeria Plc led other price decliners, shedding 16.82% of its share price to close at N9.15 from the previous close of N11.00.

Ecobank, MRS, ETRANZACT and THE INITIATES PLC shed 11.20%, 9.76%, 9.67% and 9.09% respectively.

Other top 10 price decliners include: C & I Leasing (-8.57%), NEM Insurance (-8.33%), CUTIX (-6.90%), Trans-nationwide Express (-6.41%) and ABC Transport (-6.06%) respectively.

GAINERS

LOSERS

Source: Market returns 0.55% WtD, gains 158bn – StocksWatch (stocksng.com)

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