Toyin Samuel
The Nigerian stock market last week closed lower as Dangote Cement, MTN Nigeria and host of other stocks shed weight.
The All Share Index and Market capitalization dropped by 2.94% and 2.26% to settle at 102,353.68 and N62.851 trillion respectively.
An aggregate of 2.25 billion units of shares were traded in 63,650 deals, valued at N58.8 billion.
The market breadth closed negative as 33 stocks gained against 57 stocks that declined in their share prices.
TOP 10 GAINERS
NEIMETH led other gainers in the course of last week with 31.42% growth, closing at N3.43 from the previous close of N2.61.
SCOA, Northern Nigeria Flourmills, Livestock Feeds and Dangote Sugar grew their share prices by 20.39%, 19.54%, 17.62% and 16.67% respectively.
Other among the top 10 gainers include: NASCON 15.85%, CAP PLC 15.79%, OANDO 14.88%, University Press 13.48% and UACN 12.50% respectively.
TOP 10 LOSERS
Universal Insurance led other price decliners, shedding 19.23% of its share price to close at N0.63 from the previous close of N0.78.
Royal Exchange, Regency Alliance, Sovereign Trust Insurance and Dangote Cement shed 18.35%, 17.78%, 16.67% and 15.85% respectively.
Other price decliners include: DAAR COMMUNICATION (15.91%), WAPIC (15.91%), LEARNAFRICA (13.85%), ABC Transport (13.01%) and TANTALIZER (12.69%) respectively.