The Nigerian stock market ended the first week of the year lower as Airtel Africa, NESTLE, and 15 other stocks lost ground. The All Share Index and market capitalization fell 0.06% to 51,222.34 points and N27.899 trillion, respectively.
921.9 million shares were traded in 15,601 transactions totalling N27 billion.
The market breadth closed positive, with 38 stocks rising and 17 falling in share price.
TOP 10 GAINERS
JOHN HOLT led other gainers last week with 20.55% growth, closing at N0.88 from the previous close of N0.73.
NAHCO, Nigerian Breweries, BUA FOODS and Living Trust Insurance grew their share prices by 15.63%, 14.63%, 14.62% and 10.00%, respectively.
Other among the top 10 gainers include: Fidelity Bank (9.20%), FIDSON (8.78%), Union Bank (8.59%), AIICO Insurance (8.47%) and NEIMETH (8.39%) respectively.
TOP 10 LOSERS
Champion Breweries led other price decliners, shedding 15.64% of its share price to close at N4.64 from the previous close of N5.50.
Consolidated Hallmark Insurance, CHELLARAM, University Press and Jaiz Bank shed 10.45%, 9.82%, 7.37% and 5.43%, respectively.
Other price decliners include: Airtel Africa (-5.20%), NASCON (-4.95%), FCMB (-3.90%), Royal Exchange (-3.77%) and FTNCOCOA (-3.45%), respectively.
