Market sheds N64bn as NGXASI returns -2.18% WtD

Trading on the floor of the Nigerian Exchange last week last week closed bearish as most of the high cap stocks closed the week flat or lower

The All Share Index and Market capitalization dipped by 2.18% to settle at 52,908.24 points and N28.523 trillion respectively.

An aggregate of 28.7 billion units of shares were traded in 23,669 deals, valued at N209 billion.

The market breadth closed negative as 36 stocks gained against 45 stocks that declined in their share prices.


NAHCO led other gainers in the course of last week with 22.72% growth, closing at N7.94 from the previous close of N6.47.

Jaiz Bank, Eterna Oil, PZ and NEM Insurance grew their share prices by 15.38%, 13.74%, 10.04%and 9.95% respectively.

Other top 10 gainers include: Trans-nationwide Express (9.86%), ELLAHLAKES (9.62%), CHAMS (9.09%), Sovereign Insurance (8.00%) and Ikeja Hotel (7.83%) respectively.


CONOIL led other price decliners, shedding 15.04% of its share price to close at N129.10 from the previous close of N34.25.

Wema Bank, Okomu Oil, PRESCO and NCR shed their share prices by 12.33%, 10.00%, 10.00% and 9.77% respectively.

Other price decliners include: Global Spectrum Energy Services Plc (9.75%), Northern Nigeria Flour Mills (-9.40%), Julius Berger (-9.34%), UPDCREIT (-9.33%) and International Breweries (-8.23%) respectively.

Source: Market sheds N64bn as NGXASI returns -2.18% WtD – StocksWatch (

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