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Shares of University Press Record 43.59% Growth in Five Days

By Dipo Olowookere

Last week, shares of University Press Plc appreciated by 43.59 per cent, closing at N1.68. This made the company to finish the trading week as the highest price gainer.

Business Post reports that in the five-day trading week, there were 33 price gainers, higher than the 32 price gainers in the previous week.

Morison Industries was the second-highest price gainer as its value went up by 20.21 per cent to end at N1.13. Veritas Kapital rose by 20.00 per cent to close at 24 kobo, Vitafoam increased by 10.89 per cent to sell for N1.10, while Berger Paints rose by 9.84 per cent to N6.70.

In the week, 33 equities depreciated in price, higher than 30 equities in the previous week, with CWG leading after its value dropped 26.09 per cent to N1.53.

Royal Exchange went down by 11.11 per cent to 72 kobo, CAP declined by 10.14 per cent to N19.95, Champion Breweries depreciated by 9.91 per cent to N1.91 per cent, while Ikeja Hotel decreased by 9.09 per cent to N1.00.

It was observed that only 9 stocks closed flat, lower than 98 stocks recorded a week earlier, while the All-Share Index (ASI) and market capitalisation appreciated by 1.23 per cent to close the week at 38,726.10 points and N20.185 trillion respectively.

Similarly, all other indices finished higher with the exception of consumer goods, oil/gas and sovereign bond which went down by 0.37 per cent, 0.79 per cent and 0.74 per cent respectively, while the ASeM and growth indices closed flat.

On the activity chart, a total of 1.1 billion shares worth N9.6 billion were traded in 17,933 deals in contrast to the 1.0 billion shares worth N9.5 billion transacted in 17,577 deals in the preceding week.

The financial services sector led the activity chart with 767.0 million units valued at N4.4 billion traded in 9,447 deals, contributing 70.86 per cent and 45.63 per cent to the total trading volume and value respectively.

The second place was occupied by the energy industry with 83.5 million units worth N1.5 billion in 1,118 deals, while the third place was taken by the conglomerates counter with 72.8 million units valued N356.7 million exchanged in 781 deals.

Sovereign Trust Insurance, Zenith Bank and Veritas Kapital Assurance accounted for 236.0 million shares worth N1.8 billion in 1,654 deals, contributing 21.8 per cent and 19.07 per cent to the total trading volume and value respectively.

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