Last week’s trading on the Nigerian Exchange ended on a bearish note, with Dangote Cement, Presco, MTN Nigeria, Seplat, and Airtel Africa all losing ground.
The All Share Index and market capitalization fell by 0.68% week on week to 43,968.75 points and N23.949 trillion, respectively.
A total of 1.1 billion shares were traded in 15,697 transactions totalling N11.7 billion.
The market breadth closed negative, with 27 stocks rising and 36 falling in share price.
TOP 10 GAINERS
Unity Bank led other gainers last week with a 35.71% increase, closing at N0.57 from the previous close of N0.42.
The share prices of Royal Exchange, MRS, ETRANZACT, and GEREGU increased by 22.22%, 9.83%, 9.37%, and 8.50%, respectively.
Fidson (8.18%), Linkage Assurance (7.69%), UCAP (6.61%), CHAMS (4.35%), and African Prudential (3.88%) round out the top ten gainers.
TOP 10 LOSERS
Prestige Assurance led other price decliners, losing 15.22% of its share price to close at N0.39, down from N4.46 at the previous close.
LEARNAFRICA, GUINNESS, FLOUR MILLS, and JULIUS BURGER’s share prices fell by 10.71%, 9.95%, 9.90%, and 9.81%, respectively.
CADBURY (-9.69%), CUSTODIAN (-9.32%), MULTIVERSE (-9.20%), Honeywell Flour (-9.09%), and RT BRISCOE (-9.09%) are among the other price decreasers.
