June 5, 2023.Thank you for reading this post, don't forget to subscribe!
The Nigerian stock market last week closed on a bullish note. The positive vibration started just after the inauguration of President Tinubu on May 29, 2023.
The All Share Index and Market Capitalisation grew by 5.37% week on week to 55,820.50 points and N30.395 trillion respectively.
An aggregate of 2.59 billion units of shares were traded in 35,122 deals, valued at N46.6 billion.
The market breadth closed positive as 66 stocks emerged as gainers against 23 stocks that declined in their share prices.
TOP 10 GAINERS
CONOIL led other gainers in the course of last week with 45.78% growth, closing at N69.90 from the previous close of N47.95.
Eterna Oil, Jaiz Bank, MRS and NIEMETH grew their share prices by 32.14%, 30.00%, 20.83% and 20.14% respectively.
Other top 10 gainers include: Transcorp Hotel 19.07%, CWG 17.65%, Okomu Oil 16.03%, Academy Press 15.85% and Sterling Bank 15.56% respectively.
TOP 10 LOSERS
Tantalizer led other price decliners, shedding 16.00% of its share price to close at N0.21 from the previous close of N0.25.
Consolidated Hallmark Insurance, Prestige Assurance, NPF Microfinance and Champion Breweries shed 11.48%, 8.89%, 8.85% and 7.42% respectively.
Other top 10 price decliners include: International Energy Insurance (6.98%), WAPIC (6.12%), CUTIX (6.00%), CAP PLC (5.50%) and MCNICHOLS (5.48%) respectively.