The Nigerian stock market ended last week on a positive note, delivering significant gains to investors and reinforcing optimism in the equities space. The benchmark All Share Index (ASI) rose by 2.57% week-on-week to close at 114,616.75 points, while market capitalization surged to N72.275 trillion—representing a N1.8 trillion increase in investors’ wealth.
Trading activity was robust, with a total turnover of 3.2 billion shares exchanged in 64,155 deals, valued at approximately N78 billion.
The market breadth also reflected the bullish sentiment, as 53 equities recorded gains compared to 43 that posted losses.
Top 10 Gainers
Leading the gainers’ chart was Oando Plc, which soared by 25.77% to close at N56.85, up from N45.20 in the previous week. LASACO Assurance followed with a 21.62% gain, while Multiverse Mining & Exploration rose by 20.39%.
Other notable gainers included:
Cornerstone Insurance – 19.51%
First Bank Holdings (FBNH) – 17.60%
May & Baker – 16.95%
Fidson Healthcare – 14.18%
MTN Nigeria – 13.96%
Champion Breweries – 13.24%
International Breweries – 12.89%
Top 10 Losers
On the flip side, ABC Transport topped the losers’ chart, shedding 18.64% to close at N2.40 from N2.95. It was trailed by Julius Berger, which declined by 13.50%, and Legend Internet, which lost 13.31%.
Other major laggards included:
Livestock Feeds – 12.23%
eTranzact International – 11.76%
Learn Africa – 10.64%
Conoil – 10.00%
Northern Nigeria Flour Mills – 9.97%
Transcorp Hotels – 9.97%
Cutix Plc – 9.94%
The week’s performance highlights renewed investor confidence, especially in fundamentally sound stocks, amid an improving macroeconomic outlook and increased corporate activity in key sectors.
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