THOMAS WYATT emerges as the best performing stock for the week with 42.11 per cent appreciation
The Nigerian Exchange Limited (NGX) closed the week positive as the bull ruled over the bear during the trading week that ended on Friday last week.
The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalization gained 0.79 per cent to close the week at 49,706.09 basis points and N27.074 trillion respectively.
Similarly, all other indices finished higher except for NGX ASeM and NGX Sovereign Bond indices which closed flat.
Top advancers
THOMAS WYATT closed its last trading day Friday, at N0.81 per share on the Nigerian Stock Exchange. As the biggest gainer for the week, it recorded a 42.11 per cent increase week on week.
The company began the year with a share price of N0.35 and has since gained 131 per cent on that price valuation,
The company is into manufacturing and distribution of school exercise books, hardcover notebooks and pads, drawing books, envelopes, and so on.
ROYAL EXCHANGE closed its last trading day at N0.98 per share on the Nigerian Stock Exchange to gain 16.67 per cent for the week.
It began the year with a share price of N0.88 and has since gained 11.4 per cent on that price valuation
Royal Exchange offers insurance that covers general insurance, health insurance and life assurance as well as banking products and services for asset management, credit financing and microfinancing.
CHAMPION BREWeries closed its last trading day at N4.70 per share on the Nigerian Stock Exchange gaining 14.63 per cent during the week.
It began the year with a share price of N2.35 and has since gained 100 per cent on that price valuation
Champion Breweries Plc is an established brewery in Nigeria manufacturing Champion Lager Beer and Champ Malta as well as a selection of non-alcoholic beverages
ARDOVA Plc closed its last trading day at N18.80 per share on the Nigerian Stock Exchange gaining 12.57 per cent during the week.
It began the year with a share price of N13.00 and has since gained 44.6 per cent on that price valuation, ranking it 20th on the NGX in terms of year-to-date performance.
ARDOVA PLC, formerly known as Forte, is Nigeria’s indigenous and integrated energy company involved in the distribution of petroleum products. It markets petroleum products in the country including fuels, production chemicals, lubricants, greases and power generation for automobiles, aircraft, machines and equipment.
CUSTODIAN INVESTMENT closed its last trading day at N5.95 per share to reflect an 11.21 per cent increase week on week.
It began the year with a share price of N7.90 but has since lost 24.7 per cent off that price valuation.
Custodian Investment Plc formerly Custodian & Allied Insurance Plc is an investment holding company in Nigeria offering insurance and reassurance solutions for life and non-life cover.
Top Losers
UPDC Real Estate Investment Trust closed its last trading day at N0.91 per share on the Nigerian Stock Exchange to lose 8.08 per cent of its price week on week.
It began the year with a share price of N1.19 but has since lost 23.5 per cent off that price valuation,
UPDC Real Estate Investment Trust is a real estate investment trust which invests in the property market in Nigeria.
P Z CUSSONS NIGERIA closed its last trading day at N11.40 per share on the NGX to lose 8.06% of its share price week on week.
It began the year with a share price of N6.10 and has since gained 86.9% on that price valuation.
PZ Cussons Nigeria Plc manufactures and sells a range of consumer products and home appliances in Nigeria.
MUTUAL BENEFITS ASSURANCE closed its last trading day at N0.27 per share on the Nigerian Stock Exchange to lose 6.90 per cent during the week.
It began the year with a share price of N0.33 but has since lost 18.2 per cent off that price valuation.
Mutual Benefits Assurance Plc is a general and life insurance company in Nigeria providing services for underwriting and risk management as well as retail and microfinance banking.
R T BRISCOE PLC: RTBRISCOE closed its last trading day at N0.27 per share on the Nigerian Stock Exchange to lose 6.90% of its share price for the week.
It began the year with a share price of N0.20 and has since gained 35 per cent on that price valuation.
R.T. Briscoe (Nigeria) PLC sells and services motor Toyota vehicles and industrial equipment such as forklifts, generators, and compressors. The company further provides property development, project management and real estate services through its affiliated company Briscoe Properties Limited.
NEIMETH INTERNATIONAL PHARMACEUTICALS closed its last trading day at N1.35 per share on the Nigerian Stock Exchange to lose 6.90 per cent of its share price for the week.
It began the year with a share price of N1.75 but has since lost 22.9 per cent off that price valuation.
Neimeth International Pharmaceuticals Plc is the resultant company from the management buyout of the 60 per cent equity holding of Pfizer Inc. in Pfizer Products Plc. The company had operated in Nigeria for 40 years, manufacturing, marketing, and distributing Pfizer brands of pharmaceutical and veterinary products in tablets, capsules, ointment/cream, powder, injectables, and oral liquid forms.
