Stock market sustains uptrend, returns 0.89% WtD

The Nigerian stock market last week closed on a bullish note with 0.89% growth, occasioned by renewed buy interest by smart investors.

Year to date, the market has returned 15.45% with the All Share Index and Market Capitalisation at 49,316.29 points and N26.861 trillion respectively.

An aggregate of 814 million units of shares in 15,588 deals, valued at N12.2 billion.

The market breadth closed positive as 32 equities emerged as gainers while 28 equities declined in their share prices.

TOP 10 GAINERS

Learn Africa led 32 other gainers in the course of last week. It gained 28.48% to close at N2.12 from the previous close of N1.65.

Thomas Wyatt, Cornerstone Insurance, Coronation Insurance and Smart Product Nigeria grew their share prices by 18.75%, 13.04%, 10.81% and 10% respectively.

Others among top 10 gainers include: PZ (9.73%), Red Star Express (9.71%), Ardova (9.51%), Champion Breweries (9.3%) and Zenith (9.05%) respectively.

TOP 10 LOSERS

MCNICHOLS led other price decliners as it shed 11.48% of its share price to close at N0.54 from the previous close of N0.61.

Academy Press, Prestige Assurance, Multiverse and AXA Mansard among other price decliners shed their share prices by 9.70%, 8.70%, 8.51% and 8.04% respectively.

Others among top 10 price decliners include: Linkage Assurance (-6.98%), Eterna (-5.75%), University Press (-5.46%), Geregu (-4.50%) and Dangote Sugar (4.32%) respectively.

Source: Stock market sustains uptrend, returns 0.89% WtD – StocksWatch (stocksng.com)

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