Stock market returns 0.36% WtD amidst renewed investors’ optimism

Trading activities on the floor of the Nigerian Exchange last week closed on a bullish note as investors take position in dividend paying stocks.

The All Share Index and Market Capitalisation appreciated by 0.36% week on week to close at 47,437.48 points and N25.566 trillion respectively.

An aggregate of 2.798 billion units of shares were traded in 22, 970 deals, valued at N23.86 billion.

Thirty Six (36) equities emerged as gainers in the course of last week, while Thirty Three (33) equities declined in their share prices, bringing the Market Breadth to a positive close.

TOP 10 GAINERS

Presco led other gainers in the course of last week with 19.62% growth, closing at N125 from the previous close of N104.5.

RT Briscoe, Cornerstone Insurance, UACN and Consolidated Hallmark Insurance grew their share prices by 15.87%, 15.63%, 14.52% and 10.17% respectively.

Others among top ten gainers in the course of last week include: Coronation Insurance (8.70%), UDPC (7.61%), LASACO (5.83%), NGX Group (5.81%) and Chams Plc (4.76%) respectively.

TOP 10 LOSERS

Ellah Lakes Plc led other price decliners as it shed 18.54% of its share price week on week, to close at N3.12 from the previous close of N3.83.

May & Baker, University Press, Royal Exchange and Linkage Assurance shed their share prices by 18.35%, 14.43%, 10.37% and 10.34% respectively.

Others among top ten price decliners include: UCAP (-9.71%), Caverton (-9.09%), ABC Transport (-8.57%), Regency Assurance (-7.14%) and Unilever (-7.04%) respectively.

Source: Stock market returns 0.36% WtD amidst renewed investors’ optimism – StocksWatch (stocksng.com)

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