Stock market returns -0.95% WtD amidst profit taking

Toyin Samuel

The Nigerian stock marketlast week declined by 0.95% as Dangote Cement, MTN Nigeria, BUA Cement and other 30 stocks shed weights.

The All Share Index and Market capitalization declined by 0.95% to settle at 97,520.54 and N56.039 trillion respectively.

An aggregate of 2.87 billion units of shares were traded in 39,865 deals, valued at N132.8 billion.

The market breadth closed positive as 45 stocks gained against 33 stocks that declined in their share prices week on week.

TOP 10 GAINERS

DEAPCAP led other gainers in the course of last week with 31.53% growth, closing at N1.46 from the previous close of N1.11.

SEPLAT, TRIPPLEG, VERITAS KAPITAL and Regency Alliance grew their share prices by 21.00%, 20.34%, 20.00% and 18.84% respectively.

Other among the top 10 gainers include: African Prudential 18.33%, Livestock Feeds 17.14%, RTBRISCOE 16.28%, Nem Insurance 14.38% and CWG 10.71% respectively.

TOP 10 LOSERS

MCNICHOLS led other price decliners, shedding 15.63% of its share price to close at N1.35 from the previous close of N1.60.

Fidelity Bank, Dangote Sugar, FBNH and ETERNA OIL shed 13.33%, 12.20%, 11.19% and 10.00% respectively.

Other price decliners include: Dangote Cement (10.00%) Academy Press (9.78%), PZ (9.49%), NASCON (9.09%) and ELLAHLAKES (8.54%) respectively.

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