Market returns -0.75% WtD amidst profit taking

The Nigerian stock market last week declined by 0.75% as MTN Nigeria, NESTLE and other 75 stocks shed weights.

The All Share Index and Market capitalization dipped by 0.75% to settle at 62,569.73 and N34.070 trillion respectively.

An aggregate of 5.2 billion units of shares were traded in 57,234 deals, valued at N63.4 billion.

The market breadth closed negative as 29 stocks gained against 77 stocks that declined in their share prices week on week.

TOP 10 GAINERS

DAAR COMMUNICATION Plc led other gainers in the course of last week with 50.00% growth, closing at N0.30 from the previous close of N0.20

JOHNHOLT also gained 44.80% of its share price to stand at N1.81 from the previous gained of N1.25, DEAPCAP, COURTVILLE and GOLDEN GUINEA BREWERIES grew their share prices also by 34.62%, 32.84% and 32.58% respectively.

Others among the top 10 gainers include: MORISON 31.02%, NASCON 22.49%, CHELLARAM 20.55%, Sky Aviation 20.41% and THE INITIATE 19.61% respectively.

TOP 10 LOSERS

Champion Breweries led other price decliners, shedding 31.52% of its share price to close at N3.15 from the previous close of N4.60.

Academy Press, Wema Bank, Sterling Bank and Fidelity Bank shed 26.80%, 25.55%, 25.42% and 24.97% respectively.

Other price decliners include: Ekobank (23.03%) FBNH 22.17%), UACN (21.74%), Linkage ACCESSCORP (20.27%), and Livestock Feeds (19.80%) respectively.

Source; Market returns -0.75% WtD amidst profit taking – StocksWatch (stocksng.com)

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