Last week’s Nigerian stock market close was bearish, with 27 equities losing weight as investors took profits.
The All Share Index fell 0.96% week on week to 53,804.46 from 54,327.30 the previous week.
Market capitalization fell by 0.95% to N29.310 trillion, down from N29.591 trillion the previous week.
A total of 752 million shares were traded in 15,822 transactions totaling N11.7 billion.
The market breadth closed positive, with 36 stocks rising and 27 falling in share price.
TOP 10 GAINERS
TRIPPLEG led other gainers last week with a 45.26% increase, closing at N1.99 from the previous close of N1.37.
The share prices of Living Trust Insurance, CHAMS, CONOIL, and MRS increased by 16.16%, 16.00%, 9.98%, and 8.24%, respectively.
Linkage Assurance 7.14%, GUINNESS 7.14%, GLAXOSMITH 7.03%, Ikeja Hotel 7.00%, and GEREGU 6.82% are also among the top ten gainers.
TOP 10 LOSERS
CWG led other price decliners, losing 17.35% of its share price to close at N0.81 from N0.98 the previous day.
Fidelity Bank, PHARMADEKO, NGXGROUP, and TRANSCORP all fell by 14.17%, 10%, 8.63%, and 6.98%, respectively.
FCMB (6.96%), Sovereign Trust Insurance (6.67%), Airtel Africa (6.02%), International Energy Insurance (4.84%), and UPDCREIT (4.62%) are among the other price decliners.
