August 28, 2023.
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The Nigerian stock market closed higher last week, driven by appreciation in the prices 32 stocks led by ABC Transport as the All Share Index and Market capitalization grew by 1.29% and 1.30% to settle at 65,558.91 and N35.881 trillion respectively.
An aggregate of 1.8 billion units of shares were traded in 31,163 deals, valued at N29.3 billion.
The market breadth closed negative as 32 stocks gained against 46 stocks that declined in their share prices.
TOP 10 GAINERS
ABC Transport led other price gainers in the course of last week with 41.67% growth, closing at N0.68 from the previous close of N0.48.
TRANSCORP, Dangote Sugar, THOMASWYAT and CWG grew their share prices by 39.42%, 35.71%, 31.78% and 31.58% respectively.
Other top 10 gainers include: NASCON 27.86%, SCOA 19.66%, BUAFOODS 17.94%, RTBRISCOE 13.95% and SFSREIT 9.97% respectively.
TOP 10 LOSERS
TANTALIZER led other price decliners, shedding 27.50% of its share price to close at N0.29 from the previous close of 0.40. Redstar Express, DAAR Communication, Guinea Insurance and Jaiz Bank shed 17.43%, 15.63%, 13.79% and 13.77% respectively.
Other price decliners include: FBNH (11.97%), Prestige Assurance (11.11%), Northern Nigerian Flour Mills (10.89%), Nigerian Breweries (10.82%) and Sovereign Trust Insurance (10.64%) respectively.(www.naija247news.com).
