Stock Market Weekly Report: 44 Equities appreciate, 22 depreciate

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The Nigerian Exchange Group’s weekly report shows that 44 equities appreciated during the week, higher than 43 in the previous week.

The report also disclosed that 22 equities depreciated lower than 26 equities in the previous week, while 90 equities remained unchanged higher than 87 equities recorded in the previous week.

Leading the top ten gainers of the week were UPDC Plc and CUTIX Plc. UPDC Plc lead the week with N0.86 and closed with N1.21, gaining N0.35 and reflecting a change of 40.70% to come tops while CUTIX Plc came second among the top ten gainers of the week with an opening price of N3.0 and closing price of N3.63, gaining N0.63 which reflected a change of 21%.

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Other top ten gainers are John Holt Plc, Sovereign Trust Insurance Plc, Consolidated Hallmark Insurance Plc, SEPLAT Energy Plc, NCR (Nigeria) Plc, FTN Cocoa Processors Plc, May & Baker Nigeria Plc and Coronation Insurance Plc.

The top ten decliners of the week were led by Red Star Express Plc and ETERNA Plc. To lead the decliners chart, Red Star opened the week with N3.67 and closed with N3.11, losing -N0.56 which reflected a change of -15.26%, while ETERNA came second with an opening price of N7.50 and closed with N6.39, a loss of -N1.11 reflecting a change of -14.80%.

Others in the top ten decliners of the week include Linkage Assurance Plc, Prestige Assurance Plc, Airtel Africa Plc, B.O.C Gases Plc, Pharma-Deko Plc, PRESCO Plc, Associated Bus Company Plc and Conoil Plc.

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