Stock market returns -1.16% WtD amidst profit taking

The Nigerian stock market last week closed on a bearish note, occasioned by profit taking in SEPLAT, MTN Nigeria and other 40 stocks.

The All Share Index and Market capitalization declined by 1.16% to settle at 44,269.18 points and N24.112 trillion respectively.

Year to date, the market has returned 3.63%.

An aggregate of 1.4 billion units of shares were traded in 19,025 deals, valued at N15.5 billion.

The market breadth closed negative as 19 stocks gained against 42 stocks that declined in their share prices week on week.

TOP 10 GAINERS

FTNCOCOA led other gainers in the course of last week with 13.33% growth, closing at N0.34 from the previous close of N0.30.

NAHCO, Dangote Cement, COURTVILLE and Regency Alliance grew their share prices by 10.47%, 8.84%, 8.70% and 8.33% respectively.

Other among the top 10 gainers include: NEM Insurance (6.67%), Champion Breweries (4.55%), GEREGU (4.35%), LASACO (3.57%) and Honeywell Flour (3.29%) respectively.

TOP 10 LOSERS

CHAMS Plc led other price decliners, shedding 14.81% of its share price to close at N0.23 from the previous close of N0.27.

Ikeja Hotel, Cornerstone Insurance, Sovereign Trust Insurance and Livestock Feeds shed 12.96%, 12.00%, 10.71% and 10.62%respectively.

Other price decliners include: CAVERTON, (-10.31%) Prestige Assurance (-9.80%), International Breweries (-9.78%), Julius Berger (-9.46%) and CUSTODIAN (-9.23%) respectively.

Source: Stock market returns -1.16% WtD amidst profit taking – StocksWatch (stocksng.com)

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