Last week, the Nigerian stock market closed on a positive note, with 1.06% growth, following 2.13% growth the previous week. This is due to renewed buy interest from astute investors, the majority of whom are positioning for the mouthwatering dividends proposed in the 2022 full-year results.
The market has returned 8.35% year to date, with the All Share Index and Market Capitalisation standing at 55,529.21 points and N30.250 trillion, respectively.
A total of 1.9 billion shares were traded in 20,308 transactions totaling N18.44 billion.
The market breadth closed positive, with 53 equities gaining and 21 equities losing share prices.
TOP 10 GAINERS
GEREGU led 52 other gainers in the course of last week as it gained 27.45% to close at N325.00 from the previous close of N255.00.
C & I Leasing, MCNICHOLS, Sunu Assurance, and STANBIC IBTC grew their share prices by 20.61%, 19.70%, 18.92%, and 18.84% respectively.
Others among the top 10 gainers include: THE INITIATE 18.18%, OANDO 18.00%, MRS 12.93%, Dangote Sugar 11.63%, and NASCON 10.92% respectively.
TOP 10 LOSERS
CHAMS led other price decliners as it shed 10.71% of its share price to close at N0.25 from the previous close of N0.28.
MULTIVERSE, JOHNHOLT, SEPLAT, and Ecobank among other price decliners shed their share prices by 10.00%, 9.66%, 9.43%, and 7.69% respectively.
Others among the top 10 price decliners include: WAPIC (6.82%), UACN (5.56%), UCAP (5.50%), LASACO (4.76%), and Airtel Africa (4.40%) respectively.
