Market closes lower, returns -0.96% WtD

The Nigerian stock last week closed on a bearish note as 27 equities shed weight due to profit taking by investors.
The All Share Index was down by 0.96% week on week to stand at 53,804.46 from 54,327.30 recorded previously
Market capitalization declined also by 0.95% to settle at N29.310 trillion from N29.591 trillion in the week before.

An aggregate of 752 million units of shares were traded in 15,822 deals, valued at N11.7 billion.
The market breadth closed positive as 36 stocks gained against 27 stocks that declined in their share prices.

TRIPPLEG led other gainers in the course of last week with 45.26% growth, closing at N1.99 from the previous close of N1.37.
Living Trust Insurance, CHAMS, CONOIL and MRS grew their share prices by 16.16%, 16.00%, 9.98% and 8.24% respectively.
Other among the top 10 gainers include: Linkage Assurance 7.14%, GUINNESS 7.14%, GLAXOSMITH 7.03%, Ikeja Hotel 7.00% and GEREGU 6.82% respectively.

CWG led other price decliners, shedding 17.35% of its share price to close at N0.81 from the previous close of N0.98.
Fidelity Bank, PHARMADEKO, NGXGROUP and TRANSCORP shed 14.17%, 10.00%, 8.63% and 6.98%respectively.
Other price decliners include: FCMB (6.96%), Sovereign Trust Insurance (6.67%), Airtel Africa (6.02%), International Energy Insurance (4.84%) and UPDCREIT (4.62%) respectively.

Source: Market closes lower, returns -0.96% WtD – StocksWatch (

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