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NSE ROUNDUP: Nigerian bourse closes week bullish. See top 10 gainers, losers



Equities market maintains uptick as ASI up 88bps

The Nigerian Stock Exchange (NSE) ended the week on a positive note, appreciating by 0.08% – week to date – despite 3 days of loss. The All Share Index closed at 26,314.49 basis points this week. Year to date, the bourse is still down by 16.28%.

Market capitalisation stood at N12.8 trillion.

This week, a total of 2.06 billion shares worth N18.43 billion exchanged hands in 16,778 deals, compared to 1.51 billion shares valued at N16.19 billion that was traded in 15,544 deals in the previous week.

This week’s trading saw 30 equities appreciating in value, which is higher than 27 equities the previous week. 28 equities depreciated in value, higher than 18 equities in the previous week, while 108 equities remained unchanged, lower than 121 recorded in the previous week.

Top 10 gainers

Law Union and Rock Insurance led the top 10 gainers with a 30.95% to close at N0.55. This stock opened at N0.42.

Jaiz Bank followed with an 18.37% gain to close the week at N0.58. The stock opened at N0.49. Access Bank opened the week at N7.80 and closed at N9.20, gaining 17.95%.

FCMB gained 16.25% to close at N1.86. The stock opened at N1.60. UBA opened the week at N5.80 and closed at N6.60, gaining 13.79%.

GTBank gained13.49% this week. The stock opened at N25.20 and closed at N28.60. Cement Company of Northern Nigeria (CCNN) opened at 15.90 and closed at N17.50, representing a 10.06% gain.

Read also: NSE: Zenith Bank, Access Bank, CAP dominate trades as bourse closes Friday bullish

Champion Breweries closed at N0.99, gaining 10%. The stock opened the week at N0.90. FBN Holdings gained 9.43% to close at N5.80. The stock opened at N5.30.

Cornerstone Insurance rounds up the top 10 gainers with an 8.89% to close at N0.49. the stock opened at N0.45 this week.

Top 10 losers

Unilever Nigeria led the losers’ bandwagon. The stock opened at N26.70 and closed at N19.60, shedding 26.59%. International Breweries was next with a 25.40% loss. The stock opened at N12.60 and closed at N9.40.

Fidscon Healthcare opened at N4 and closed at N3.50. The stock lost 12.50%. Presco Opened at N38.40, shed 9.90% and closed at N34.60.

Capital Hotel lost 9.84%. The stock opened at N3.05 and closed at N2.75. MRS Oil had a 9.73% loss to close at N15.30. The stock opened the week at N38.40.

Ikeja Hotel opened at N1.07 and closed at N0.97, losing 9.35%. UPDC lost 9.18% this week. The stock opened at N4.90 and closed at N4.45.

McNichols rounds up the top 10 losers with an 8.70% loss to close at N0.42. The stock opened at N0.46.

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