Oando leads gainers as stock market returns -0.86% WtD

The Nigerian stock market last week closed on a bearish note as the All Share Index declined week on week by 0.86% to settle at 38,921.78 points.

The Market Capitalisation as well depreciated by 0.87% week on week to close at N20.279 trillion from N20.456 trillion.

An aggregate of 1.426 billion units of shares were traded in 19,315 deals, valued at N13.073 billion.

The Market Breadth closed negative as 25 equities appreciated in their share prices against 34 equities that declined in their share prices.

NGX Oil &Gas and NGX Consumer Goods appreciated by 2.88% and 0.18% respectively.

NGX Insurance, Banking and Pension declined by 3.39%, 0.96% and 0.33% respectively, while NGX Industrial closed flat.

Top 10 Gainers

Oando led other gainers with 14% growth, closing at N4.64 from the previous close of N4.07.

FTN Cocoa, Mutual Benefit, UCAP and Chams Plc grew their share prices by 11.11%, 10.71%, 8.99% and 4.76% respectively.

Other top ten gainers include: Regency Assurance (4.26%), Julius Berger (3.85%), International Breweries (3.23%), ABC Transport (2.94%) and Vitafoam (2.76%) respectively.

Top 10 Losers

Cornerstone Insurance led other price decliners as it shed 15.79% of its share price, closing at N0.48 from the previous close of N0.57.

UDPC, SCOA, Glaxosmith and Wema Bank declined in their share prices by 10.06%, 9.72%, 9.56% and 9.41% respectively.

Other top ten losers include: Consolidated Hallmark Insurance (-6.90%), May & Baker (-6.88%), LASACO (6.47%), University Press (-6.03%) and Cadbury (-5.88%) respectively.



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