Market returns -0.13% WtD amidst profit taking and portfolio rebalancing

The Nigerian stock market last week closed on a negative note, occasioned by profit taking by investors.

The All Share Index and the Market Capitalisation declined by 0.13% week on week to close at 47,268.61 points and N25.475 trillion respectively.

An aggregate of 1.374 billion units of shares were traded in 28,809 deals, valued at N23.786 billion.

The Market Breadth closed negative as 22 equities emerged as gainers against 49 equities that declined in their share prices.

TOP 10 GAINERS

Seplat led other gainers in the course of last week with 20.25%, close at N1034 from the previous close of N859.9

Linkage Assurance, FCMB, Courteville and ABC Transport grew their share prices by 16%, 11.80%, 11.11% and 9.37% respectively.

Others among top ten gainers include: John Holts (8.86%), Royal Exchange (8%), Regency Assurance (7.69%) Juli Plc (6.76%) and Glaxosmith (5.79%) respectively.

TOP 10 LOSERS

RT Briscoe led other price decliners as it shed 32.98% of its share price week on week to close at N0.63 from the previous close of N0.94.

Learn Africa, NGX Group, Niger Insurance and Cutix Plc shed their share prices by 24.14%, 18.43%, 17.86% and 14.81% respectively.

Others among top ten price decliners include: Transcorp (-14.29%), Livestock Feeds (-12.37%), UPDC (-11.54%), Mutual Benefit Assurance (-10.71%) and CAP Plc (-10%) respectively.

Source: Market returns -0.13% WtD amidst profit taking and portfolio rebalancing – StocksWatch (stocksng.com)

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