Market returns 0.06% WtD amidst low trading volume

The stock market last week closed on a positive note as the All Share Index appreciated by 0.06% to close at 38,943.87 points from the previous close of 38,921.78 points.

The Market Capitalisation grew by 0.05% week on week to close at N20.290 trillion from the previous close of N20.279 trillion.

NGX Pension Index grew week on week by 0.33% 1,509.92 points from 1,504.88 points. Other sectoral indices closed the week on a negative note. This include NGX Banking (-0.79%), NGX Insurance (-0.58%), NGX Consumer Goods (-0.21%), NGX Industrial (-0.24%) and NGX Oil & Gas (-3.35%) respectively.

An aggregate of 856.3 million units of shares were traded in 15,663 deals, valued at N10.75 billion.

The Market Breadth closed positive as 21 equities appreciated in their share prices against 38 equities that declined in their share prices.

Top 10 Gainers

UDPC led other gainers with 11.8% growth week on week, closing at N1.8 from the previous close of N1.61.

United Capital, Northern Nigeria Flour Mills, Morison and Cornerstone Insurance grew their share prices by 11.25%, 9.59%, 9.38% and 8.33% respectively.

Other top ten gainers include: Linkage Assurance (7.02%), Learn Africa (5.88%), Fidelity Bank (5.65%), Honeywell Flour (5.26%) and NAHCO (5.19%) respectively.

Top 10 Losers

SCOA led other price decliners as it shed 18.46% of its share price, closing at N1.06 from the previous close of N1.30.

Transcorp Hotel, Ikeja Hotel, Eterna Oil and Champion Breweries grew their share prices by 10%, 9.52%, 9.44% and 8.17% respectively.

Other top ten price decliners include: Regency Assurance (-8.16%), LASACO (-7.69%), Seplat (-6.54%), Mutual Benefit Assurance (-6.45%) and University Press (-6.42%) respectively.



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