Stock market extends gains by N1.166trn, returns 4.25% WtD

The Nigerian stock market again closed on a bullish note last week, driven by growth in the share prices of MTN, Seplat, Dangote Cement, Okomu, Presco and 45 other stocks.

The All Share Index and Market capitalization rose by 4.25% to settle at 53,098.46 points and N28.626 trillion respectively.

An aggregate of 1.816 billion units of shares were traded in 36,286 deals, valued at N27.194 billion.

The market breadth closed positive as 50 stocks gained against 32 stocks that declined in their share prices.

TOP 10 GAINERS

MCNICHOLS led other gainers in the course of last week with 59.52% growth, closing at N1.34 from the previous close of N0.84.

Royal Exchange, Champion Breweries, International Breweries and Okomu Oil grew their share prices by 51.49%, 30.84%, 30.37% and 26.47% respectively.

Other top 10 gainers include: Glaxosmith (26.40%), Flour mill (20.14%), Fidson (20.14%), Presco (17.65%) and Cadbury (17.34%) respectively.

TOP 10 LOSERS

Academy Press led other price decliners, shedding 13.71% of its share price to close at N1.51 from the previous close of N1.75.

Ikeja Hotel, GUINNESS, TRIPPLEG and CAVERTON shed 10.94%, 10.91%, 9.38% and 9.09% respectively.

Other price decliners include: CHAMS (-8.33%), WAPIC (-6.67%), BERGER (-6.49%), AIICO (-6.25%) and Niger Insurance (-4.76%) respectively.

GAINERS

LOSERS

Source: Stock market extends gains by N1.166trn, returns 4.25% WtD – StocksWatch (stocksng.com)

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