Trading on the Nigerian Exchange concluded last week on a bearish note, with 46 stocks experiencing declines due to profit-taking activities.
The All-Share Index and Market Capitalization recorded slight decreases, closing at 96,433.53 points and N55.394 trillion, respectively. A total of 2.14 billion units of shares were traded in 55,598 transactions, valued at N51 billion.
The market’s breadth turned negative, with 36 stocks gaining while 46 stocks declined in their share prices.
Top Gainers:
Industrial Medical Gases Plc (IMG) led the gainers with a substantial 32.58% increase, closing at N35.00. Other notable gainers included Berger Paints, ETRANZACT, UACN, and C & I Leasing, with growth rates ranging from 18.57% to 31.12%.
Top Losers:
RTBRISCOE experienced the most significant decline, shedding 27.61% of its share price. FTN COCOA, OMATEK, THE INITIATES, and Cornerstone Insurance also faced substantial losses, with declines ranging from 12.59% to 18.38%.
Source: Stock market returns -0.15% WtD on profit taking, sheds N84bn – StocksWatch (stocksng.com)
