The domestic stock market last week closed southward amid sustained weak sentiment, especially on the cement giant shares, Dangote Cement. Amid sustained profit taking activity on the local bourse, the All-Share Index fell week-on-week by 284.94 points or 0.68 per cent to close at 41,882.97 points. Similarly, market capitalisation declined N149 billion W-o-W to close at N21.854 trillion.
The market breadth for the week was negative as 35 equities appreciated in price, 27 equities depreciated in price, while 94 equities remained unchanged. Meyer Plc led the gainers table by 50.00 per cent to close at 33 kobo, per share. Consolidated Hallmark Insurance followed with a gain of 25.00 per cent to close at 55 kobo, while Academy Press went up by 20.51 per cent to close to 47 kobo, per share.
Overall, a total turnover of 2.630 billion shares worth N26.900 billion in 20,848 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.278 billion shares valued at N17.340 billion that exchanged hands previous week in 21,052 deals.
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