Toyin Samuel
The Nigerian equities market continued its bearish stretch, deepening the tone of caution that has defined trading sentiment in recent weeks. Last week was marked by renewed sell pressure across key sectors particularly Insurance, banking, industrial goods, and premium index—reflecting a market environment shaped by profit-taking, fragile risk appetite, and broader macro uncertainties.
The All-Share Index declined by 2.24% to close the week at 143,722.63 points from 147,0133.59 points recorded in the previous week.
Market capitalization dropped also by 2.23% to settle at N91.415 trillion from the previous close of N93.501 trillion.
Year-to-date (YTD) market has returned to 39.64%.
A total turnover of 2.668 billion shares worth N106.317 billion in 108,139 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 7.325 billion shares valued at N156.425 billion that exchanged hands last week in 134,383 deals.
Twenty (20) equities appreciated in price during the week, lower than forty-eight (48) equities in the previous week. Sixty (60) equities depreciated in price, higher than forty-five (45) equities in the previous week, while sixty-seven (67) equities remained unchanged, higher than fifty-three (53) recorded in the previous week.
Similarly, all other indices finished lower with the exception of NGX Sovereign Bond Index which appreciated by 0.32%.
TOP 10 GAINERS
NCR led the gainers table with 60.55% to close at N41.10 from the previous close of N25.60.
UPL, TANTALIZER, CAVERTON and UACN grew their share prices by 17.65%, 17.29%, 17.02% and 16.67% respectively.
Others among the top 10 gainers include: Ikeja Hotel 15.83%, UNIONDICON 11.11%, Prestige Assurance 9.70%, HMCALL 8.97% and EUNISELL 8.52% respectively.
TOP 10 LOSERS
International Energy Insurance led other price decliners as it shed 22.06% of its share price to close at N2.12 from the previous close of N2.72.
MCNICHOLS, VERITAS KAPITAL, AIICO Insurance and Living Trust Insurance among other price decliners shed their share prices by 14.90%, 14.89%, 13.70% and 13.53% respectively.
Other price decliners include: Livestock Feeds (12.86%), Nem Insurance (12.75%), Consolidated Hallmark Holdings (12.27%), Linkage Assurance (11.58%) and ACCESSCORP (10.87%) respectively.