The Nigerian equities market closed bearish last week, halting weeks of successive gains triggered by selloff in Dangote Cement and 69 other stocks that closed the week lower amidst quarter three earnings release.
The All-share index was down by 0.98% to close at 154,126.45 points from 155,645.05 points recorded in the previous week.
Investors lost N964 billion as market capitalization declined by 0.98% to settle at N97.829 trillion from the previous close of N98.793.
Year to date (YtD), the market has returned 49.74%.
An aggregate of 7.48 billion units of shares were traded in 159,598 deals, valued at N145 billion.
The market sentiment closed bearish, with 29 losers compared to 70 gainers, thereby making the market breadth closed negative.
Similarly, all other indices finished lower with the exception of NGX AFR Div Yield, NGX MERI Growth, NGX Oil and Gas, NGX Sovereign Bond and NGX Commodity Indices which appreciated by 0.73%, 1.01%, 0.30%, 0.50%, and 0.15% respectively
TOP GAINERS
THE INITIATES led the gainers’ chart with 56.06% to close at N1.03 from the previous close of N0.66.
FIDSON, NESTLE, LASACO and JAPAULGOLD grew their share prices by 13.28%, 11.87%, 9.25% and 8.19% respectively.
Others among top 10 gainers include: CHELLARAM 6.95%, ARADEL 6.14%, NIDF 5.88%, VANLEER 4.48% and MTN Nigeria 4.35% respectively.
TOP 10 LOSERS
Northern Nigeria Flourmills led other price decliners as it shed 21.94% of its share price to close at N1.21 from the previous close of N1.55.
Sovereign Trust Insurance, Champion Breweries, ENAMELWA and Fidelity Bank among other price decliners shed their share prices by 16.92%, 16.15%, 15.90% and 15.33% respectively.
Others among top 10 price decliners include: ASTINLAZ (13.75%), UPDC (13.72%), UPL (13.67%), HMCALL (13.27%) and AFRINSURES (13.06%) respectively.
Source: Stock Market Returns -0.98% WoW, sheds N964bn | StocksWatch
