The Nigerian stock market ended on a positive note last week, largely impelled by 10% gain in the price of Airtel Africa and other 19 stocks that appreciated in their prices, week on week.
The All Share Index and Market capitalization rose by 1.28% to snuggle at 52,215.12 and N28.158 trillion respectively.
An aggregate of 504 million units of shares were traded in 12,393 deals, valued at N7.5 billion.
The market breadth ended negative as 20 stocks appreciated against 32 stocks that plummeted in their share prices.
GAINERS
Academy Press led the gainers’ chart last week with 16.93% growth, closing at N2.21 from the previous close of N1.89.
CWG, Caverton, Wema Bank and Airtel Africa grew their share prices by 12.50%, 12.30%, 10.00% and 10.00% respectively.
Other gainers include: RT BRISCOE (8.82%), Regency Alliance (8.00%), Prestige Assurance (7.89%), International Breweries (7.41%) and FBNH (2.83%) respectively.
LOSERS
On the other hand,Fidson led by the loser’s chart, shedding 21.58% of its share price to close at N9.41 from the previous close of N12.00.
Cornerstone Insurance, MULTIVERSE, Ikeja Hotel and Northern Nigeria Flourmills shed 17.39%, 13.33%, 11.36% and 9.95% respectively.
Other price losers include: Linkage Assurance (-8.62%), Unity Bank (-8.16%), Honeywell Flour (-7.41%), FCMB (-6.25%) and CUTIX (-6.25%) respectively.
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