Twenty-seven equities appreciated in price during the week, as investors’ appetite improved.However, market breadth remained weak as thirty-six equities depreciated in price, higher than thirty-two equities of the previous week, while one hundred and twelve equities remained unchanged lower than one hundred and sixteen equities recorded in the preceding week.
Top three gainers for the week were Forte Oil, Portland Paints and Transcorp, that gained 63, 27 and 20 percent respectively to close at N106.23, 2.29 and 85 kobo respectively. Among others were FBN Holdings, Total Nigeria, Fidelity Bank, Livestock Feeds, Honeywell Flourmill, Africa Prudential Registrars and N.E.M Insurance.
On the other hand, Guinness Nigeria Plc led the week’s declining stocks by 12.5 percent to close at N77.90 per share. Neimeth International Pharmaceuticals and Avon Crowncaps & Containers similarly depreciated 9.09 percent each to close at 60 kobo and N1.20 per share respectively.
Lafarge, UACN,Vitafoam, Diamond Bank, Wema Bank, Stanbic IBTC and Unilever Nigeria also recorded losses of varying degrees.
Overall, a turnover of 894.759 million shares worth N10.629 billion in 13,418 deals were traded by investors on the floor of the Exchange in contrast to a total of 2.479 billion shares valued at N9.988 billion that exchanged hands previous week in 12,059 deals.
