On the top ten performing stocks last week were Jos International Breweries Plc, Vono Products Plc, Portland Paints & Products Nigeria Plc, IHS Plc, Courteville Business Solution Plc and Ikeja Hotels Plc.

Others are Learn Africa Plc, Premier Breweries Plc, NPF Microfinance Bank Plc and Abbey Building Society Plc.

Jos Int Breweries, which has been investors’ toast isince the past one month, gained 60.34 percent or N2.83 from N4.69 it started the week at to N7.52 per share to lead the pack of other gainers. Part of the propelling force in the stock is news that the company is now debt free after settling huge sums owed some banks and the prospect of churning out encouraging financials following the effort of the current Board members to rejuvenate  and put the company back to full operation. Starting the year at N0.81, the stock price has risen by 479.01 percent when compared with the present market price.

Vono Products, which has emerged the second top gainer for three consecutive weeks, again appreciated by 39.57 percent or N0.55 to close at N1.94 from N1.39 per share. It had risen to N2.88 before sliding to the present market price.

In 2010, Vitafoam Plc acquired 21.44 percent equity stake in the company through  purchase of 64.32 million ordinary shares out of the 300 million total outstanding shares of Vono Nigeria. The acquisition was a long-term strategic investment meant to decide the future of the ailing Vono Nigeria.

At present, Vono Products is the least priced stock in the household durable sub-sector of the Nigerian Stock Exchange, NSE. It manufactures and distributes foam products, complete beds, Beddings and Specialised Furniture.

Portland Paints & Products Nig. Plc advanced by 20.84 percent or N0.94 to close at N5.45 from N4.51 per share. UAC of Nigeria Plc recently acquired 51 percent stake in the company, a move that was meant to boost Portland’s competitive edge in the decorative paints industry, as well as allow it to tap into Nigeria’s real estate and building materials sectors using UACN as leverage.

The 2012 full year financial result for the period ended December, 2012 showed that the revenue rose by 10.87 percent to N2.87billion from N2.58 billion in 2011, while profit for the year dipped to negative N231.36 million from positive region of N173.85 million in 2011.

IHS advanced by 18.21 percent or N0.51 from N2.80 at the beginning of the week to N3.31; Courteville went up by 12.50 percent or N0.08 from N0.64 to N0.82; Ikeja Hotel rose by 10.81 percent or N0.08 from N0.74 to N0.82; Learn Africa appreciated by 9.09 percent or N0.15 to close at N1.80 from N1.65 per share.