The Nigerian stock market closed lower last week, extending its bearish run as profit-taking hit 57 stocks.
The All-Share Index (ASI) fell by 0.50%, settling at 140,295.49 points compared to 141,004.14 points in the prior week. Similarly, market capitalization declined by 0.49%, closing at ₦88.769 trillion from ₦89.209 trillion, representing a loss of about ₦440 billion.
On a year-to-date (YtD) basis, the market has returned 36.31%.
Trading activity saw 3.2 billion shares exchanged in 142,654 deals, with a total turnover value of ₦85.5 billion.
Performance across key indices was broadly negative:
- NGX AFR Div Yield: +0.94%
- NGX ASeM: Flat
- Banking Index: -1.21%
- Insurance Index: -1.02%
- Consumer Goods Index: -0.89%
- Industrial Goods Index: -0.36%
Market breadth closed negative, with 32 gainers against 57 losers.
Top 10 Gainers
- MCNICHOLS: +18.75% (₦3.20 → ₦3.80)
- Nem Insurance: +17.29%
- Berger Paints: +15.31%
- WAPIC: +12.77%
- LEARNAFRICA: +11.43%
- NCR: +10.00%
- SFSREIT: +9.99%
- Julius Berger: +9.93%
- SCOA: +9.09%
- Beta Glass: +8.16%
Top 10 Losers
- Secure Electronic Technology: -22.73% (₦1.10 → ₦0.85)
- Guinea Insurance: -19.77%
- LASACO: -13.29%
- University Press: -12.06%
- Mutual Benefits: -11.36%
- Royal Exchange: -11.11%
- John Holt: -10.00%
- Cornerstone Insurance: -10.00%
- DAAR Communications: -9.92%
- ABC Transport: -9.80%
Source: Fundvine capital and securities
