Market returns -0.06% WtD amidst profit taking

Transactions on the floor of the Nigerian Exchange last week closed on a negative note occasioned by profit taking by investors.

All Share Index marginally declined by 0.06% week on week to close at 42,014.50 points from the previous close of 42,038.60 points.

The Market Capitalisation declined by 0.05% to close last week at N21.926 trillion from the previous close of N21.938 trillion, thereby shedding N12 billion in the course of the week.

An aggregate of 1.43 billion units of shares were traded in 23,987 deals, valued at N12.37 billion.

The Market Breadth closed negative as 23 equities emerged as gainers against 43 equities that declined in their share prices.

Top 10 Gainers

Regency Assurance led other weekly gainers with 18.92% growth, closing at N0.44 from the previous close of N0.37.

Multiverse, SCOA, Wema Bank and Fidson grew their share prices by 10%, 9.47%, 8.64% and 6.34% respectively.

Other top ten gainers include: University Press (5.99%), International Breweries (5.71%), Okomu Oil (5.19%), Glaxo Smithkline (4.92%) and AIICO Insurance (4.84%) respectively.

Top 10 Losers

Eternal Plc led other price decliners as it sheds 15.49% of its share price to close at N7.31 from the previous close of N8.65.

Unilever, Courteville, NGX Group and Cutix shed their share prices by 14.42%, 11.36%, 11.25% and 10.32% respectively.

Other top ten losers include: Pharmadeko (-10%), UDPC (-10%), Neimeth (-9.28%), FTN Cocoa (-9.09%) and Red Star Express (-8.24%) respectively.

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