The month of August was always going to be a very tough month for the stock market. It’s a month where most business activities are paired down as most people go on vacations. This month was also dominated by the dreaded Ebola (EVD) scourge as the governments struggles to face off with one of the scariest disease to hit Nigeria. [upme_private]
All of this will push the index into negative territory as it closed -1.34% at the end of the month. The quarter to date also ended negative 2.24% and the year to date ended 0.49%.
Despite the negative headwinds, some stocks enjoyed double-digit growth to top the gainers list for the month. The peak of the pack was Seven Up, the leading beverage maker on the exchange. The stock opened the month at N107 and closed N134 a whopping N27 gain. Here are the rest of the top 5.
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