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Wapic, IPWA, Mansard beat other stocks in price gains


Price gains witnessed in the shares of Wapic Insurance plc, IPWA plc, and Mansard Insurance plc surpassed others at the Nigerian Stock Exchange (NSE) in the week ended April 12, 2013.

Tracking the gainers, in the week under review, Wapic Insurance plc share price rose from N0.97 to N1.26, adding N0.29 or 29.90 percent; IPWA plc also rose from N0.63 to N0.76, after adding N0.13 or 20.63 percent, while Mansard Insurance plc rose from N2.30 to N2.58, adding N0.28 or 12.17 percent.

Other stocks that performed well in terms of appreciation are University Press plc, Okomu Oil palm plc, John Holt plc, CAP plc, Royal Exchange plc, Julius Berger Nigeria plc, and Ecobank Transnational Incorporated.

University Press plc gained 10 percent or N0.45, after its share price rose from N4.50 to N4.95.

Okomu Oil plc followed after it recorded a weekly gain of N9 or 9.47 percent from N95 to N104. John Holt plc was also another big gainer by N0.15 or 8.77 percent, after its share price rallied from N1.71 to N1.86. CAP plc also rose from N37.10 to N40, after it added N2.90 or 7.82 percent.

Royal Exchange plc gained N0.05 or 7.58 percent from N0.66 to N0.71; Julius Berger Nigeria plc rallied from N51.10 to N54.49, adding N3.39 or 6.63 percent, while Ecobank recorded 6.43 percent gain or N0.90 after rising from N14 to N14.90.

Conversely, losses recorded in the share of A.G. Leventis Nigeria plc, Neimeth International Pharmaceuticals plc, ABC Transport plc, Eterna plc, Costain (W.A) plc, UBA plc, Africa Prudential Registrars plc, Airline Services and Logistics plc, Transnational Corporation of Nigeria plc, and Access Bank plc impacted the market negatives.

A.G. Leventis Nigeria plc recorded price decline of N0.54 or 33.54 percent from N1.61 to close last week at N1.07.

Another big loser was Neimeth International Pharmaceuticals that lost N0.25 or 25.51 percent from N0.98 to N0.73. ABC Transport plc dropped from the preceding week’s level of N0.88 and closed last week