Nigerian Bourse gains N961bn, returns 2.98% WtD

The Nigerian stock market last week closed higher, driven by appreciation in the prices of Airtel Africa, MTN Nigeria and other 75 stocks led by Ikeja Hotel.

The All Share Index and Market capitalization grew by 2.98% to settle at 60,968.27 and N33.198 trillion respectively.

An aggregate of 2.3 billion units of shares were traded in 28,095 deals, valued at N41.5 billion.

The market breadth closed positive as 77 stocks gained against 20 stocks that declined in their share prices.

TOP 10 GAINERS

Ikeja Hotel led other gainers in the course of last week with 33.00% growth, closing at N3.99 from the previous close of N3.00.

Transcorp Hotel, Eterna Oil, Sterling Bank and CHAMS grew their share prices by 32.95%, 32.49%, 30.74% and 29.82% respectively.

Other top 10 gainers include: RTBRISCOE 29.55%, OMATEK 28.57%, FTN COCOA 25.79%, NAHCO 21.67% and THOMASWYAT 20.77% respectively.

TOP 10 LOSERS

Secure Electronics Technology led other price decliners, shedding 13.16% of its share price to close at N0.33 from the previous close of N0.38.

Guinea Insurance, Universal Insurance, Sovereign Trust Insurance and Redstar Express shed 12.50%, 12.50%, 10.91% and 10.00% respectively.

Other price decliners include: PHARMADEKO (10.00%), Cornerstone Insurance (9.84%), C&I Leasing (9.79%), International Energy Insurance (7.64%) and Berger Paints (4.31%) respectively.

Source: Nigerian Bourse gains N961bn, returns 2.98% WtD – StocksWatch (stocksng.com)

Related Posts

03

Nov
Business & Economy

ELITE WEALTH PLACEMENT FUND

Welcome to the Elite Wealth Placement Fund – a bespoke investment vehicle designed exclusively for high-net-worth individuals seeking attractive and tailored placement opportunities. Our fund is managed by a team of seasoned financial experts with a proven track record of delivering superior returns, while prioritizing risk management and long-term wealth preservation. As an exclusive member, you will […]

03

Nov
Business & Economy

PZ Cussons Nigeria Plc reports N113bn revenue, boosts profit after tax by 114% in one year

The Audited Financial Statement of PZ Cussons for the year ended 31 May 2023 show significant growth in the Company’s bottom line figures with 114% growth in its profit after tax for the 12 months period. The Group reported revenue of N113.964 billion for the 12 months period, up by 14.53% from N99.503 reported the previous year.[…]