Headlines
Nigerian Bourse gains N571bn, returns 2.04% WtD
Adebayo Obajemu
The Nigerian stock market closed higher last week, driven by appreciation in the prices of BUACEMENT, Airtel Africa, MTN Nigeria and other 46 stocks led by Honeywell Flour. The All Share Index and Market capitalization rose by 2.04% to settle at 52,403.51 points and N28.534 trillion respectively.
An aggregate of 14 billion units of shares were traded in 24,044 deals, valued at N59 billion.
The market breadth closed positive as 49 stocks gained against 17 stocks that declined in their share prices.
TOP 10 GAINERS
Honeywell Flour led other gainers in the course of last week with 34.91% growth, closing at N3.13 from the previous close of N2.32.
CADBURY, CWG, CHAMS and TRANSCORP grew their share prices by 32.35%, 19.32%, 16.67% and 14.69% respectively.
Other top 10 gainers include: Dangote Sugar 14.04%, Sovereign Trust Insurance 13.79%, BUAFOOD 11.76%, Academy Press11.54% and MULTIVERSE 11.20% respectively.
TOP 10 LOSERS
Nigerian Breweries led other price decliners, shedding 11.48% of its share price to close at N32.00 from the previous close of 36.15.
Royal Exchange, Redstar Express, International Energy Insurance and Prestige Assurance shed 11.11%, 10.00%, 8.82% and 7.69% respectively.
Other price decliners include: Okomuoil (6.54%), ABC Transport (5.41%), NESTLE (3.38%), FBNH (3.13%) and Fidelity (2.24%) respectively.
