AxaMansard leads gainers, as Linkage, N.E.M record high rewards

Axamansard Nigeria Plc for the week ended 13th October, 2017 sustained positive investors’ sentiment and rewards with significant equity price appreciation, a trend that has characterized the company’s market performance week on week.

Also Linkage Assurance and N.E.M Assurance towed the same rewarding path during the week, contributing remarkably to market liquidity boost and growth opportunities, as the insurance sector led, and accounted for 30 per cent of the top ten gainers table of the NSE, for the week under review.

The top gainers table of the NSE was led by Axamansard with 25.50 per cent or N0.51 growth on its equity price to close the week at N2.51 per share, while Linkage Assurance placed third on the top ten gainers table for the week with N0.13 or 17.33 per cent equity price appreciation, closing trade at N0.88 per share, from N N0.75 which opened the company’s trade for the week.

N.E.M insurance laced seventh on the top ten gainers table for the week with N0.15 or 12.30 per cent advancement on its share price, closing trade at N1.37 per share, having opened at N1.22.

However, other sectoral top gainers for the week include Cement Company of Northern Nigeria (CCNN), with N1.62 or 20.10 per cent addition on its price to close the week at N9.68 per share, Red Star Express with N0.71 or 14.95 per cent to close at N5.46 per share.

Others are, Transnational Corporation of Nigeria with N0.19 or 14.29 per cent growth, to close at N1.52, May & Baker Nigeria Gained N0.35 or 13.36 per cent, and closed at N2.97 per share, Flour Mills Nig. Closed at N29.71 having gained N3.16 or 11.90 per cent, Champion Breweries close the week upbeat at N2.66, at it grew by N 0.28 or 11.76 per center, while International Breweries Gained N3.89 or 10.24 per cent, to close week at N41.89 per share.

Stories by Bonny Amadi