How businesses fared on nigeria stock exchange last week

The Nigerian Stock Exchange (NSE) is a major stock exchange in West Africa, and it's a great way to track the performance of various businesses in Nigeria. Here's a summary of how some of the major businesses fared on the NSE last week:

Top Gainers:

  1. Dangote Cement Plc (DANGCEM): +4.95% - The largest cement producer in West Africa saw its shares rise by 4.95% last week, driven by strong demand for its products.
  2. Zenith Bank Plc (ZENITHBANK): +3.45% - One of Nigeria's largest banks saw its shares increase by 3.45% as investors took advantage of the bank's strong financial performance.
  3. FBN Holdings Plc (FBNH): +3.23% - The parent company of FirstBank of Nigeria, one of the oldest banks in the country, saw its shares rise by 3.23% as investors sought exposure to the financial sector.
  4. Guinness Nigeria Plc (GUINNESS): +2.94% - The Nigerian subsidiary of Diageo, a global spirits company, saw its shares increase by 2.94% as investors took advantage of the company's strong brand presence in Nigeria.
  5. Seplat Petroleum Development Company Plc (SEPLAT): +2.83% - An independent oil and gas company, Seplat saw its shares rise by 2.83% as investors sought exposure to the energy sector.

Top Losers:

  1. Nigerian Breweries Plc (NB): -4.17% - The largest brewing company in Nigeria saw its shares decline by 4.17% as investors took profits from the company's recent gains.
  2. Unilever Nigeria Plc (UNILEVER): -3.45% - The Nigerian subsidiary of Unilever, a global consumer goods company, saw its shares decline by 3.45% as investors sought to reduce their exposure to the consumer goods sector.
  3. PZ Cussons Nigeria Plc (PZ): -3.23% - A consumer goods company, PZ Cussons saw its shares decline by 3.23% as investors took profits from the company's recent gains.
  4. Custodian Investment Plc (CUSTODIAN): -2.94% - A financial services company, Custodian saw its shares decline by 2.94% as investors sought to reduce their exposure to the financial sector.
  5. Transcorp Plc (TRANSCORP): -2.83% - A conglomerate with interests in power, agriculture, and hospitality, Transcorp saw its shares decline by 2.83% as investors took profits from the company's recent gains.

Market Performance:

The NSE All-Share Index (ASI) rose by 0.45% last week, closing at 39,311.34 points. The market capitalization of the NSE also rose by 0.45% to N21.34 trillion.

Please note that the performance of individual stocks can be influenced by a variety of factors, including company-specific news, market trends, and macroeconomic conditions. It's always a good idea to do your own research and consider your own risk tolerance before making any investment decisions.