Nigerian Bourse extends weekly gains by N145bn, returns 0.48% WtD

The Nigerian stock market closed higher last week, driven by gains in the prices of Dangote Cement, MTN Nigeria and other 20 stocks, led by Julius Berger Plc. The All Share Index and Market capitalization rose by 0.48% to settle at 55,794.51 points and N30.395 trillion respectively.

An aggregate of 1.023 billion units of shares were traded in 18,650 deals, valued at N20.221 billion.

The market breadth closed negative as 22 stocks gained against 41 stocks that declined in their share prices.

TOP 10 GAINERS

Julius Berger led other gainers in the course of last week with 10.00% growth, closing at N26.95 from the previous close of N24.50.

Transnational Express, International Energy Insurance, UACN and TRANSCORP grew their share prices by 9.88%, 8.33%, 8.24% and 7.81% respectively.

Other top 10 gainers include: NGXGROUP 6.27%, MANSARD 5.00%, Living Trust Insurance 4.21%, Dangote Cement 3.60% and AIICO 3.39% respectively.

TOP 10 LOSERS

MRS and Conoil led other price decliners, shedding 18.99% of their share prices to close at N27.95 and N38 respectively.

FTN Cocoa, NCR and MULTIVERSE shed 13.33%, 10.80% and 9.85% respectively.

Other price decliners include: VERITAS KAPITAL (9.09%), University Press (9.09%), Prestige Assurance (8.89%), ARDOVA (8.09%) and ABC Transport (7.89%) respectively.

Source: Nigerian Bourse extends weekly gains by N145bn, returns 0.48% WtD – StocksWatch (stocksng.com)

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