The Nigerian equity market on last week closed on a bearish note, occasioned by losses in the share prices of heavy weight stocks including Airtel, Dangote Cement, BUA Cement and MTN by 10%, 3.91%, 3.38% and 1.21% respectively.
The All Share Index and the Market Capitalisation depreciated by 2.56% week on week to settle at 37,658.26 points and N19.627 trillion respectively.
An aggregate of 1.005 billion units of shares were traded in 17,165 deals, valued at N10.33 billion.
The Market Breadth closed negative as 33 equities appreciated in their share prices against 37 equities that declined in their share prices.
Top 10 Gainers
Veritas Kapital Assurance and Linkage Assurance led other gainers with 18.18% to close at N0.26 and N0.65 respectively.
Vitafoam, Honeywell Flour and Portland Paint grew their share prices by 17.77, 10.71% and 10% respectively.
Others among top 10 gainers for last week include: Red Star Express (9.55%), Wema Bank (9.09%), Fidson (9.02%), Ikeja Hotel (6.38%) and NAHCO (5.73%) respectively.
Top 10 Losers
Consolidated Hallmark Insurance led other price decliners as it shed 13.43% of its share price to close at N0.58 from the previous close of N0.67.
Royal Exchange, Airtel Africa, Juli Plc and NPF Microfinance Bank shed their share prices by 12.50%, 10%, 9.56% and 8.95% respectively.
Others among top 10 losers for last week include: LASCO (-8.67%), ETRANZACT (-8.44%), Union Bank (-7.76%), Mutual Benefit Assurance (-6.67%) and FCMB (-5.96%) respectively.
GAINERS
LOSERS
