Market returns -0.57% WtD amidst profit taking

The Nigerian stock last week closed on a bearish note as profit taking sheds the share prices equities on the floor of the Nigerian Exchange.

The All share Index and Market Capitalisation declined 0.57% week on week to settle at 39,261.01 points and N20.456 trillion respectively.

Apart from NGX Insurance index that grew by 0.79% week on week; other sectoral indices including NGX Banking, Consumer Goods, Industrial, Oil & Gas and Pension indices declined by 0.58%, 1.34%, 0.89%, 2.96% and 0.25% respectively.

An aggregate of 1.338 billion units of shares were traded in 19,830 deals, valued at N8.65 billion.

The Market Breadth in the course of last week closed negative as 26 equities appreciated in their share prices against 26 equities that declined in their share prices.

Top 10 Gainers

Transcorp Hotel led other gainers with 10% growth, closing at N5.17 from the previous close of N4.70.

Skyway Aviation, Presco, Cornerstone Insurance and AIICO Insurance grew their share prices by 9.46%, 8.90%, 7.55% and 5.10% respectively.

Other top ten gainers include: Prestige Assurance (4.35%), Honeywell Flour (4.23%), Sovereign Trust Insurance (4.00%), Julius Berger (4.00%) and Morison (3.78%) respectively.

Top 10 Losers

Oando led other price decliners as it shed 15% of its share price, closing at N4.07 from the previous close of N4.80.

Mutual Benefit, Courtville, Unity Bank and LASACO shed their share prices by 12.50%, 12.12%, 10% and 9.74% respectively.

Other top ten price decliners include: Linkage Assurance (-9.68%), NPF Microfinance Bank (-7.89%), Champion Breweries (7.73%), Nigerian Breweries (7.69%) and FTN Cocoa (-6.25%) respectively.


Leave a Reply

Your email address will not be published. Required fields are marked *