Market returns -2.09% WtD amidst profit taking by investors

Trading on the floor of the Nigerian Exchange last week closed on a bearish note as Dangote Cement and 32 stocks closed the week lower on profit taking.

The All Share Index and Market capitalization declined by 2.09% to settle at 49,664.07 points and N26.787 trillion respectively.

An aggregate of 1.51 billion units of shares were traded in 20,073 deals, valued at N13.5 billion.

The market breadth closed positive as 33 stocks gained against 26 stocks that declined in their share prices.

TOP 10 GAINERS

Ikeja Hotel led other gainers in the course of last week with 30.93% growth, closing at N1.27 from the previous close of N0.97.

MULTIVERSE, NEM Insurance, COURTVILLE and CHAMS grew their share prices by 29.79%, 29.71%, 19.15% and 12.00% respectively.

Other top 10 gainers include: JAPAULGOLD 11.76%, BUAFOODS 10.00%, Prestige Assurance 10.00%, LASACO 9.68% and May & Baker 8.03% respectively.

TOP 10 LOSERS

CUTIX led other price decliners, shedding 14.58% of its share price to close at N2.05 from the previous close of N2.40.

CAVERTON, BUACEMENT, IMG and STANBIC IBTC shed their share prices by 10.26%, 9.95%, 9.84% and 9.68% respectively.

Other price decliners include: Skyway Aviation (-9.60%), Sovereign Insurance (-7.41%), UPDC (-7.08%), TRANSCORP (-6.96%) and MTN Nigeria (-6.93%) respectively.

GAINERS

LOSERS

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