Stock market returns 2.33% WtD amidst profit taking and portfolio rebalancing

The stock market last week closed on a bullish note amidst profit taking and portfolio rebalancing by investors. Investors are taking position ahead of audited reports of companies that will pay dividend.
The All Share Index appreciated by 2.33% week on week to close at 47,279.92 points from the previous close of 46,205.05 points.
On the Nigerian Exchange, investors gained N579 billion in the course of last week as the Market Capitalization grew by 2.33% to close at N25.477 trillion from the previous close of N24.898 trillion.

An aggregate of 1.785 million units of shares were traded in 27,822 deals, valued at N19.6 billion.
RT Briscoe led other gainers with 40% growth, week on week to close at N0.28 from the previous close of N0.20.
Academy Press, Conoil, SCOA and NGX Group grew their share prices by 31.91%, 20.73%, 20.19% and 14.66% respectively.
Others among top ten gainers include: Oando (11.45%), Custodian (11.27%), Seplat (10.13%), Guinea Insurance (10%) and John Holts (9.72%) respectively.

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