Stock market sheds N479bn, returns -1.58% WtD on profit taking

Trading on the floor of the Nigerian Exchange last week closed bearish as the MTN Nigeria, GEREGU and other 45 stocks closed the week lower on profit taking
The All Share Index and Market capitalization declined by 1.58% to settle at 54,915.39 points and N29.916 trillion respectively.
An aggregate of 853.7 million units of shares were traded in 18,543 deals, valued at N11.8 billion.

The market breadth closed negative as 19 stocks gained against 47 stocks that declined in their share prices.


Prestige Assurance led other gainers in the course of last week with 9.76% growth, closing at N0.45 from the previous close of N0.41.
ENAWELWA, University Press, CWG and FTN Cocoa grew their share prices by 9.57%, 9.34%, 8.79% and 7.69% respectively.
Still on the gainers’ chart: Livestock Feeds 4.81%, BUAFOOD 4.21%, UACN 3.80%, UNILEVER 3.70% and JAPAULGOLD 3.57% respectively.


UCAP led other price decliners, shedding 16.72% of its share price to close at N12.20 from the previous close of N14.65
Linkage Assurance, Ecobank, IMG and NPF Microfinance Bank shed their share prices by 10.87%, 10.00%, 9.32% and 8.47% respectively.
Other price decliners include: ACCESSCORP (8.20%), NEIMETH (7.59%), GLAXOSMITH (7.46%), RTBRISCOE (7.41%) and OANDO (7.24%) respectively.

Source: Stock market sheds N479bn, returns -1.58% WtD on profit taking – StocksWatch (

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