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)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]