The Nigerian equities market last week closed on a bearish note on the backdrop of selloff in Dangote Cement, MTN Nigeria and 52 other stocks that closed the week lower.
The All-Share Index was down by 2.51% to close at 141,004.14 points from 144,628.20 points recorded the previous week.
Investors lost N2.29trn as market capitalization declined by 2.51% to settle at N89.209 trillion from the previous close of N91.502 trillion.
Year to date (YtD), the market has returned 37%.
An aggregate of 4.77 billion units of shares were traded in 153,054 deals, valued at N107 billion.
The market closed bearish, with 54 losers compared to 43 gainers, thereby making the market breadth close negative.
Similarly, all other indices finished lower with the exception of NGX Consumer Goods and NGX Growth which appreciated by 0.83% and 4.14% respectively, while the NGX AseM and NGX Commodity indices closed flat.
TOP GAINERS
AUSTINLAZ led the gainers’ chart with 20.83% to close at N2.90 from the previous close of N2.40.
NCR, ENAMELWA, Guinea Insurance and Mutual Benefits grew their share prices by 20.69%, 19.45%, 18.79% and 14.29% respectively.
Others among top 10 gainers include: CAVERTON 12.31%, DEAPCAP 11.80%, MULTIVERSE 11.22%, DAAR COMMUNICATION 11.01% and Champion Breweries 10.91% respectively.
TOP 10 LOSERS
THOMASWYAT led other price decliners as it shed 18.92% of its share price to close at N3.00 from the previous close of N3.70.
Nem Insurance, STANBIC IBTC, LASACO and RTBRISCOE among other price decliners shed their share prices by 18.15%, 15.39%, 14.54% and 13.92% respectively.
Others among top 10 price decliners include: VERITAS KAPITAL (12.78%), Royal Exchange (12.45%), WAPIC (11.57%), CUTIX (11.25%) and THE INITIATES (10.22%) respectively.
Source: Stock market returns -2.51% WoW amidst profit taking – StocksWatch
