Market returns 1.19% WtD, investors gain N285bn

The Nigerian stock market last week closed on a positive note, driven by gains in the prices of MTN Nigeria, BUA Foods and other 29 stocks.

The All Share Index and Market capitalization rose by 1.19% to settle at 44,492.73 points and N24.234 trillion respectively.

An aggregate of 694 million units of shares were traded in 15,418 deals, valued at N8.667 billion.

The Market Breadth closed negative as 31 stocks gained against 33 stocks that declined in their share prices.

GAINERS

AXA MANSARD led other gainers in the course of last week with 15.69% growth, closing at N1.77 from the previous close of N1.53.

Union Bank of Nigeria, GTCO, Nigerian Breweries and UNILEVER grew their share prices by 13.04%, 10.83%, 10.29% and 10.00% respectively.

Other top 10 gainers include: CWG (10.00%), CAVERTON (10.00%), LEARN AFRICA (10.00%), MRS (9.73%) and STANBIC IBTC (9.09%) respectively.

LOSERS

SCOA Plc led other price decliners, shedding 26.29% of its share price to close at N1.29 from the previous close of N1.75.

GUINNESS, Regency Alliance, Unity Bank and Royal Exchange shed 18.96%, 14.81%, 12.28% and 11.36% respectively.

Other price decliners include: UPDCREIT (-10.71%), ETERNA Plc (-10.00%), JOHNHOLT (-9.88%), SUNU ASSURANCE (-9.38%) and FIDSON (-9.34%) respectively.

Source: Market returns 1.19% WtD, investors gain N285bn – StocksWatch (stocksng.com)

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