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   Market Date: 17-04-2014   
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Dangote Flour leads gainers

Category: Investors NewsBeat


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Dangote Flour leads gainers


Monday's market performance showed the indicators decreasing by 150.32 points (0.70%) and N35 billion (0.70%) to close the day at 21,366.97 points and N5.041 trillion.


On Tuesday, they dipped by 154.01 points (0.72%) and N37 billion (0.73%). Also on Wednesday, they shed 8.45 points (0.04%) and N2 billion (0.04%). There were no significant change on Thursday while Friday recorded increases of 144.60 points (0.68%) and N34 billion (0.68%) to close the week at 21,349.18 points and N5.037 trillion.


In comparison with the previous Friday's position of 21,517.29 points and N5.076 trillion, the indicators lost 168.11 points (0.78%) and N39 billion (0.78%).On the activity chart, the aggregate volume of trades and number of deals declined by 9.31% and2.56% while the value gained 17.43% as 2.18 billion units valued at N17.21 billion were exchanged in 30,275 deals as against 2.40 billion units worth N14.65 billion in 31,070 trades the prior week.


Analysis of Top Percentage Gainers and Losers A total of 32 (21%) equities appreciated, 51 (34%) declined, leaving 69 (45%) constant in their share prices as against 32 (22%) gainers, 48 (33%) losers and 67 (45%) which were stagnant the previous week.


Top Gainers by Percentage Dangote Flour Plc led the percentage gainers table increasing by N1.13kobo (25.80%) to close at N5.51. Others were UBN, Vitafoam, Custodian & Allied Insurance, Skye Bank, and so on. Top Losers by Percentage African Insurance Plc recorded the highest percentage loss in the week, shedding N0.31kobo (21.38%) to close at N1.14. Others were Afribank, Wapic Insurance, Bank PHB, Ikeja Hotel, Tantalizer, Japaul Oil, among others.


(Source:BusinessDay)



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