Stock market returns -0.59% WtD on profit taking

Trading on the floor of the Nigerian Exchange last week closed bearish as MTN Nigeria, PRESCO, SEPLAT, Okomu Oil as well as other 37 stocks closed the week lower on profit taking

The All Share Index and Market capitalization declined by 0.59% to settle at 49,370.62 points and N26.629 trillion respectively.

An aggregate of 823 million units of shares were traded in 17,482 deals, valued at N12.2 billion.

The market breadth closed negative as 21 stocks emerged against 41 stocks that declined in their share prices.

TOP 10 GAINERS

Prestige Assurance led other gainers in the course of last week with 18.18% growth, closing at N0.52 from the previous close of N0.44.

NEIMETH, Sovereign Trust Assurance, Redstar Express and Unity Bank grew their share prices by 9.29%, 8.00%, 5.88% and 4.65% respectively.

Others among top 10 gainers include: AIICO (3.64%), Union Bank (3.45%), Zenith Bank (3.29%), FTN Cocoa (3.13%) and Academy Press (2.97%) respectively.

TOP 10 LOSERS

JAPAUL GOLD led other price decliners, shedding 23.68% of its share price to close at N0.29 from the previous close of N0.38.

COURTVILLE, University Press, PZ and Honeywell flour shed their share prices by 21.43%, 18.87%, 17.07% and 14.49% respectively.

Others among top 10 price decliners include: MULTIVERSE (-13.93%), NEM Insurance (-13.38%), CADBURY (-11.04%), CHAMS (-10.71%) and Flourmills (-10.48%) respectively.

Source: Stock market returns -0.59% WtD on profit taking – StocksWatch (stocksng.com)

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