• Sunday, May 26, 2024
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BusinessDay

Weekly price gain favours investors in Learn Africa, Paints & Coating

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Shareholders of Learn Africa plc, Paints & Coating Manufactures plc, and ABC Transport plc had cause to smile last week, as these companies’ stock prices rallied most at the Nigerian bourse. INVESTOR’s trend watch showed the share price of Learn Africa, for instance, rose by 39.47 percent or N0.60 kobo after it closed at N2.12 kobo from week-open level of N1.52 kobo.

Investors in Paints & Coating followed, after their share price rose by 28.08 percent or N0.41 kobo from a week-open level of N1.46 kobo to N1.87 kobo, while those of ABC Transport gained 11.67 percent or N0.07 kobo, from N0.60 kobo to N0.67 kobo at the close of trading last Friday.

Further check showed that share price of Wema Bank plc rose by 9.68 percent or N0.12 kobo, after the bank’s share price closed at N1.36 kobo from a week-open level of N1.24 kobo.

Stanbic IBTC Holdings plc garnered 8.97 percent or N1.10 in share price gain, as its share price rose from N12.26 kobo to N13.36 kobo. Ikeja Hotel plc rose by 8.45 percent or N0.06 kobo from N0.71 kobo to N0.77 kobo.

Guaranty Trust Bank plc also joined the league of top 10 gaining stocks last week after its share price rose from by 5.53 percent from N24.21 kobo to N25.55 kobo; Evans Medical plc rose from N1.57 kobo to N1.65 kobo, adding N0.08 or 5.10 percent. CAP plc gained 4.59 percent or N1.70 kobo from N37 to N38.70 kobo, while Zenith Bank plc garnered 4.17 percent of N0.80, from N19.20 to N20.

On the loser side, investors in Costain (W.A) plc were hardly hit after the share price plummeted by 26.12 percent or N0.46 kobo from a week open level of N1.76 kobo to N1.30 kobo, followed by those of Wapic Insurance plc whose stock price dropped by 25.60 percent or N0.32 kobo from initial level of N1.25 kobo to N0.93 kobo at the close of trading.

Other top losers include: Cement Company of Northern Nigeria plc which lost 23.81 percent or N2.50 kobo from N10.50 kobo to N8; Royal Exchange plc, dropped by 19.72 percent or N0.14 kobo from week-open price level of N0.71 to N0.57. MRS Oil Nigeria plc was down by 18.97 percent or N4.25 kobo, from N22.40 kobo to N18.15 kobo. Deap Capital Management & Trust plc dropped by 18.68 percent or N0.34 kobo after its share price declined from N1.82 kobo to N1.48 kobo.

Berger Paints plc joined the league of top losers after declining from N9 to N7.50 kobo, losing N1.50 or N16.67 kobo; Livestock Feeds plc last week lost 15.72 percent of its share price or N0.47 kobo, from N2.99 kobo to N2.52 kobo; Neimeth International Pharmaceuticals plc lost 13.68 percent or N0.13 kobo of its share price, from N0.95 kobo to close at N0.82 kobo, while Cutix plc recorded a week decline by 13.37 percent, from N1.87 kobo to N1.62 kobo.

 

Stories by IHEANYI NWACHUKWU