Adebayo Obajemu
The Nigerian stock market last week dipped further as Dangote Cement, Airtel Africa, SEPLAT and other 27 stocks shed weight.
The All Share Index and Market capitalization declined by 1.20% to settle at 54,232.34 and N29.544 trillion from 54,892.53 and N29.903 respectively.
An aggregate of slightly over 2 billion units of shares were traded in 17,917 deals, valued at N17.56 billion.
The market breadth closed positive as 37 stocks gained against 30 stocks that declined in their share prices WoW.
Top 10 Gainers
OANDO led other gainers in the course of last week with 34.12% growth, closing at N5.70 from the previous close of N4.25.
Ikeja Hotel, Champion Breweries, Royal Exchange and UPDC grew their share prices by 18.45%, 13.27%, 13.04% and 11.46% respectively.
Others among the top 10 gainers include: Consolidated Hallmark Insurance 9.68%, Northern Nigerian Flourmill 8.64%, Sunu Assurance 8.33%, Linkage Assurance 7.50% and Sterling Bank 6.67% respectively.
Top 10 Losers
Prestige Assurance led other price decliners, shedding 11.11% of its share price to close at N0.40 from the previous close of N0.45.
NCR, CWG, Dangote Sugar and UCAP PLC shed 9.79%, 9.38%, 7.10% and 6.67% respectively.
Other price decliners include: Dangote Cement (6.25%), CAP (5.79%), Airtel Africa (4.50%), SEPLAT (4.17%) and CHAMS (4.00%) respectively.
