The Nigerian stock market closed lower last week as MTN Nigeria and 40 other stocks shed weight. The All Share Index and Market capitalization dropped by 0.62% and 0.29% to settle at 109,028.62 and N68.752 trillion respectively.
An aggregate of 3.9 billion units of shares were traded in 105,220 deals, valued at N74.8 billion.
The market breadth closed positive as 52 stocks gained against 41 stocks that declined in their share prices.
TOP 10 GAINERS
CUTIX led other gainers in the course of last week with 21.92% growth, closing at N3.17 from the previous close of N2.60.
CUSTODIAN, Redsatar Express. JOHNHOLT and EUNISELL grew their share prices by 21.45%, 20.90%, 20.63% and 20.47% respectively.
Other among the top 10 gainers include: NESTLE 19.50%, Regency Alliance 18.18%, Linkage Assurance 17.60%, TANTALIZER 17.39% and ETRANZACT 15.25% respectively.
TOP 10 LOSERS
NEIMETH led other price decliners, shedding 17.03% of its share price to close at N3.07 from the previous close of N3.70.
ABC Transport, Transcorp Hotel, NPF Microfinance Bank and FTN Cocoa shed 15.59%, 15.03%, 12.79% and11.97% respectively.
Other price decliners include: Fidelity Bank (10.34%), CHELLARAM (9.96%), CAVERTON (9.52%), LEGEND (9.52%) and LEARNAFRICA (8.86%) respectively.