The Nigerian equities market wrapped up last week on a bearish note, reflecting a collective dip of N201 billion in investor wealth as telecom giant MTN Nigeria and 40 other equities posted declines. The benchmark All-Share Index (ASI) slipped by 0.62% to close at 109,028.62 points, while the overall market capitalization moderated by 0.29% to settle at ₦68.752 trillion.
Market activity remained robust with a total of 3.9 billion shares exchanged across 105,220 transactions, amounting to a market turnover of ₦74.8 billion. Despite the overall decline, the market breadth was positive, with 52 gainers outperforming 41 losers.
Top 10 Weekly Gainers
Leading the rally was CUTIX Plc, which appreciated by 21.92%, moving from ₦2.60 to close at ₦3.17. It was closely followed by CUSTODIAN (21.45%), Redstar Express (20.90%), JOHNHOLT (20.63%), and EUNISELL (20.47%).
Other notable gainers included:
- NESTLE: +19.50%
- Regency Alliance: +18.18%
- Linkage Assurance: +17.60%
- TANTALIZER: +17.39%
- ETRANZACT: +15.25%
Top 10 Weekly Losers
NEIMETH Pharmaceuticals led the losers’ chart, shedding 17.03% to close at ₦3.07 from ₦3.70. ABC Transport (-15.59%), Transcorp Hotels (-15.03%), NPF Microfinance Bank (-12.79%), and FTN Cocoa (-11.97%) also posted steep losses.
Additional losers included:
- Fidelity Bank: -10.34%
- CHELLARAM: -9.96%
- CAVERTON: -9.52%
- LEGEND: -9.52%
- LEARNAFRICA: -8.86%
