Market returns 0.25% WtD amidst sell-offs and buy interest

The Nigerian Exchange last week closed on a positive note amidst sell-offs and buy-interests as the All-Share Index appreciated by 0.25% week on week to close at 43,308.29 points from the previous close of 43,199.27.

The Market Capitalisation grew week on week by 0.24% to N22.598 trillion from N22.544 trillion. This translates to N54 billion gain in the course of last week. Year to date, the market has returned 7.54%.

An aggregate of 3.435 billion units of shares were traded in 21,101 deals, valued at N30.915 billion.

The Market Breadth closed negative as 29 equities emerged as gainers against 36 equities that declined in their share prices.

Top 10 Gainers

University Press led other gainers 27.83% growth, closing at N2.94 from N2.30 it closed last week.

Ikeja Hotel, Honeywell Flour and Royal Exchange grew their share prices by 17.39%, 16.81% and 12.24% respectively.

Others among the top ten gainers include: ABC Transport (10%), Living Trust Mortgage Bank (10%), Regency Assurance (7.69%), Glaxo Smithkline (4.96%), Sovereign Trust Insurance (4.55%) and Coronation Insurance (4.17%) respectively.

Top 10 Losers

AIICO Insurance led other price decliners as it shed 44.44% of its share price to close at N0.70 from the previous close of N1.26.

UDPC, Cutix, MRS and UDPC REIT in the course of last week shed their share prices by 14.94%, 14.02%, 9.87% and 9.82 respectively.

Others among top ten price decliners include: The Initiate Plc (-9.76%), International Breweries (-9.09%), FTN Cocoa (-9.09%), Eterna Plc (-9.02%) and Nigeria Breweries (-8.82%) respectively.



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