Market returns -0.33% WtD amidst profit taking

The Nigerian Exchange last week closed on a bearish note, occasioned by profit taking in equities.

The All share index declined by 0.33% to close the week at 47,282.67 points from the previous close of 47,437.48 points.

The Market Capitalisation also dropped by 0.32% week on week, to close at N25.483 trillion from the previous close of N25.566 trillion.

An aggregate of 2.45 million units of shares were traded in 20,764 deals, valued at N20.65 billion.

The Market Breadth closed negative as 21 equities emerged as gainers against 45 equities that declined in their share prices.


PZ led other gainers in the course of last week with 17.01% growth, closing at N8.6 from the previous close of N7.35.

UACN, NPF Microfinance Bank, RT Briscoe and Ecobank grew their share prices by 14.55%, 10%, 9.59% and 8.18% respectively.

Others among top ten gainers include: NGX Group (7.34%), Presco (6.40%), Fidelity Bank (5.26%), Transcorp (3.64%) and FBNH (3.03%) respectively.


Cornerstone Insurance led other price decliners last week as it shed 21.62% of its share price to close at N0.58 from the previous close of N0.74.

SCOA, MRS, Ikeja Hotel and Redstar Express shed their share prices by 15.90%, 9.96%, 9.87% and 9.64% respectively.

Others among top ten price decliners include: Industrial and Medical Gases (-9.47%), Veritas Kapital (-8.70%), FTN Cocoa (-8.57%), LASACO (-8.26%), Livestock Feeds (-8.05%) respectively.



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