Market returns -0.45% WtD amidst profit taking

The Nigerian stock market in the course of last week dipped by 0.45% as 36 equities shed weight, occasioned by profit taking.

The All Share Index and Market capitalization declined by 0.45% to settle at 51,979.92 and N28.031 trillion respectively.

An aggregate of 917 million units of shares were traded in 19,513 deals, valued at N14.803 billion.

The market breadth closed negative as 19 stocks gained against 36 stocks that declined in their share prices week on week.

TOP 10 GAINERS

Cornerstone Insurance led other gainers in the course of last week with 26.32% growth, closing at N0.72 from the previous close of N.57.

Seplat also gained 10% to stand at N1430.50 from N1300.50 previously gained. Linkage Assurance, The Initiates and RT BRISCOE grew their share prices also by 9.43%, 9.09% and 8.11% respectively.

Other among the top 10 gainers include: Wema Bank (6.68%), CUTIX (5.78%), Fidson (5.10%), GLAXOSMITH (4.92%) and eTRANZACT (4.55%) respectively.

TOP 10 LOSERS

NAHCO led other price decliners, shedding 33.73% of its share price to close at N5.50 from the previous close of N8.30.

CAVERTON, HONEYWELL, FTN COCOA and Nigerian Breweries shed 16.79%, 14.55%, 14.29% and 10.92% respectively.

Other price decliners include: May & Baker (-10.00%) Consolidated Hallmark Insurance (-8.11%), International Breweries (-6.90%), WAPCO (-6.77%), and Unity Bank (-6.67%) respectively.

GAINERS

LOSERS

Source: Market returns -0.45% WtD amidst profit taking – StocksWatch (stocksng.com)

All Comments:

  1. Antonietta

    10/02/2023

    I love what you guys are usually up too. This type of clever work and coverage!
    Keep up the very good works guys I’ve added you guys to my own blogroll.

  2. Chance

    11/02/2023

    Hey there, You’ve done a great job. I’ll definitely digg it and personally
    recommend to my friends. I am confident they’ll be benefited from this website.

Your Comment:

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]