Business
Nigerian Bourse rebounds with 0.66% growth in one week
The Nigerian stock market last week bounced back from the previous sessions of losses as the All Share Index and Market capitalization rose by 0.66% to settle at 105,660.64 points and N66.257 trillion respectively. Year to date, the market has returned 2.66%.
An aggregate of 7.5 billion units of shares were traded in 61,309 deals, valued at N398.9 billion.
The market breadth closed positive as 43 stocks gained against 36 stocks that declined in their share prices.
TOP 10 GAINERS
Mutual Benefit Assurance led other gainers in the course of last week with 56.72% growth, closing at N1.05 from the previous close of N0.67.
Sunu Assurance, Abbey Building, Royal Exchange and ETRANZACT grew their share prices by 33.27%, 31.39%, 31.25% and 19.79% respectively.
Other top 10 gainers include: GTCO 18.21%, Universal Insurance 15.38%, Northern Nigeria Flourmills 9.96%, LEARNAFRICA 9.93% and SCOA 9.02% respectively.
TOP 10 LOSERS
African Prudential led other price decliners, shedding 60.45% of its share price to close at N13.05 from the previous close of 33.00.
CWG, JOHNHOLT, UHOMREIT and UCAP 11.11%, 10.00%, 9.93% and 9.84% respectively.
Other price decliners include: ABC Transport (9.80%), DAAR COMMUNICATION (9.09%), UPDCREIT (9.09%), Dangote Sugar (8.06%) and CUSTODIAN (6.70%) respectively.