The Good and the Bad: Top 10 Stocks of the Week

The general performance of the Nigerian stock market last week was bearish with equity index plunging by 2.94% week on week to close at 102,353.68 basis points.

The monetary value of listed equities at the market also suffered the fate as the market capitalisation recorded a 2.26% decrease, amounting to a loss of N1.45 trillion for investors, bringing the total market value down to N62.851 trillion.

While the trading record obtained by Business Metrics showed that a total of 33 equities appreciated in price during the week, 57 equities depreciated in price while 62 others closed on flat prices at the end of the week.

According to investment experts, the performance of the local bourse during the week reflected sell pressure emanating from profit-taking.

Similarly, investors were cautious as they realigned portfolios, scouted for new entry opportunities and awaited the FY financial reports of listed companies amid the ongoing economic reforms in the country.

Despite closing the week in the red region, many stocks rewarded investors with impressive returns with highest price gain reading 31.2%.

Below are the top 10 best-performing and worst-performing stocks during the week.

Top 10 Price Gainers

Top 10 Price Decliners