Market returns -0.14% WtD amidst profit taking

The Nigerian stock market declined last week as Dangote Cement, Airtel Africa, BUA Cement, Presco and other 52 stocks shed weights.

The All Share Index and Market capitalization declined by 0.14% to settle at 51,705.61 and N27.875 trillion respectively.

An aggregate of 1.12 billion units of shares were traded in 22,349 deals, valued at N13.7 billion.

The market breadth closed negative as 16 stocks gained against 56 stocks that declined in their share prices week on week.

TOP 10 GAINERS

NAHCO led other gainers in the course of last week with 10.53% growth, closing at N8.40 from the previous close of N7.60.

Champion Breweries, MRS, First Bank of Nigeria Holding and Royal Exchange grew their share prices by 10.00%, 9.80%, 8.76% and 6.59% respectively.

Other among the top 10 gainers include: Prestige Assurance (5.26)%, Livestock Feeds (5.26%), MTN Nigeria (4.12%), ACCESSCORP (2.15%) and Jaiz Bank (2.13%) respectively.

TOP 10 LOSERS

CWG led other price decliners, shedding 14.89% of its share price to close at N0.80 from the previous close of N0.94.

RTBRISCOE, GLAXOSMITH and JOHNHOLT shed 14.29%, 13.48% and 11.27% respectively.

Other price decliners include: Academy Press, (-10%) Learn Africa (-10%), NNFM (-9.91%), ETRANZACT (-9.84%), MEYER (-9.68%) and Red star Express (-8.64%) respectively.

Source: Market returns -0.14% WtD amidst profit taking – StocksWatch (stocksng.com)

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