The stock market last week closed on negative as the All Share Index and Market Capitalisation closed lower by 0.31% respectively.
The market was down for three straight days (Tuesday, Wednesday and Thursday) after gaining on Monday. Then it gained on Friday assisted by gains in the share prices of BUA Cement and Dangote Cement.
NGX Banking closed last week at 381.35 points, down by 0.95% from 384.99 points the previous week. NGX Insurance closed last week at 197.77 points, down by 1.12% from 200.02 points the previous week.
NGX Consumer Goods last week grew by 0.06% to 597.66 points from N597.32 points the previous week. NGX Industrial closed last week 1,975.31 points, down by 1.32% from the previous close of 2,001.80 points.
NGX Oil & Gas grew by 3.84% week on week to close at 376.95 points from 363.02 points. NGX Pension closed at 1,525.88 points, down by 0.34% 1,531.16 points.
An aggregate of 1.374 billion units of shares were traded in 22,982 deals, valued at N11.823 billion.
The Market Breadth for last week closed positive as 38 equities appreciated in their share prices against 35 equities that declined in their share prices.
Top 10 Gainers
Smart Products Nigeria led other gainers, week on week with 25% growth, closing at N0.20 from the previous close of N0.16.
Oando, BOC Gases, FTN Cocoa and NAHCO grew their share prices by 23.17%, 19.48%, 17.07% and 10.91% respectively.
Other top 10 gainers include: Julius Berger (10.84%), Capital Hotel (9.85%), Champion Breweries (9.76%), Livestock Feeds (9.14%) and Academy Press (8.57%) respectively.
Top 10 Losers
Linkage Assurance led other price decliners last week as it shed 14.29% of its share price, closing at N0.60 from the previous close of N0.70.
Regency Assurance, UDPC, Lear Africa and Pharmadeko shed their share prices by 12.50%, 11.11%, 10% and 9.92% respectively.
Other top 10 price decliners include: Universal Insurance (-9.09%), Africa Prudential (-7.97%), Wema Bank (-7.87%), UDPC REIT (-6.67%) and Consolidated Hallmark Insurance (-6.45%) respectively.