The Nigerian stock market closed higher last week, driven by price appreciation in MTN Nigeria, Dangote Cement, NESTLE and other 21 stocks led by TRIPPLEG as the All Share Index and Market capitalization rose by 0.21% to settle at 54,327.30 and N29.591 trillion respectively.
An aggregate of 944 million units of shares were traded in 18,615 deals, valued at N22.7 billion.
The market breadth closed negative as 24 stocks gained against 45 stocks that declined in their share prices.
TOP 10 GAINERS
TRIPPLEG led other gainers in the course of last week with 30.48% growth, closing at N1.37 from the previous close of N1.05.
International Energy Insurance, CONOIL, MRS and Northern Nigeria Flourmills grew their share prices by 25.25%, 20.94%, 9.82% and 9.74% respectively.
Other top 10 gainers include: Redstar Express 9.49%, IMG 4.55%, UPDC 4.21%, NPF Microfinance 3.45% and Sunu Assurance 2.94% respectively.
TOP 10 LOSERS
FTN Cocoa led other price decliners, shedding 15.15% of its share price to close at N0.28 from the previous close of N0.33.
Prestige Assurance, Japaul Gold, Mutual Benefits and Royal Exchange shed 13.04%, 11.76%, 11.11% and 9.76% respectively. Other price decliners include: MCNICHOLS (8.96%), TIP (8.33%), Champion Breweries (8.16%), Sterling Bank (7.36%) and Consolidated Hallmark Insurance (7.35%)
Source: Nigerian Bourse returns 0.21% WtD, investors gain N63bn – StocksWatch (stocksng.com)
