The Nigerian stock market dipped further last week as MTN Nigeria, NESTLE and other 51 stocks shed weights.
The All Share Index and Market capitalization declined by 3.10% to settle at 50,370.25 and N27.163 trillion from 51,979.92 and N28.031 respectively.
An aggregate of 1.55 billion units of shares were traded in 23,867 deals, valued at N16.29 billion.
The market breadth closed negative as only 11 stocks gained against 53 stocks that declined in their share prices week on week.
TOP 10 GAINERS
NAHCO led other gainers in the course of last week with 9.09% growth, closing at N6.00 from the previous close of N5.50.
Union Bank of Nigeria, UPDCREIT, NGXGROUP and Cornerstone Insurance grew their share prices by 7.84%, 4.41%, 4.28% and 4.17% respectively.
Others among the top 10 gainers include: NPF Microfinance Bank (4.17%), Sterling Bank (3.33%), FCMB (2.165%), Fidelity Bank (2.58%) and Unity Bank (2.38%) respectively.
TOP 10 LOSERS
PZ led other price decliners, shedding 18.27% of its share price to close at N8.50 from the previous close of N10.40.
Wema Bank, Ikeja Hotel, UPDC and COURTVILLE shed 17.54%, 17.09%, 16.81% and 16.67% respectively.
Other price decliners include: Japaulgold (-14.81%), Jaiz Bank (-12.94%), Honeywell Flour (-12.77%), MTN Nigeria (-12.62%) and United Capital (-12.60%) respectively.