Bearish sentiments dominated the local bourse last week, as the market recorded losses on four of the five trading sessions following profit-taking activities. Accordingly, the All-Share Index declined 53.74 points or 0.12 per cent week-on-week to 43,199.27 points. Similarly, market capitalisation shed N28 billion W-o-W to close at N22.554 trillion.
The market breadth for the week was positive as 15 equities appreciated in price, 49 equities depreciated in price, while 92 equities remained unchanged. Vitafoam Nigeria led the gainers table by 17.11 per cent to close at N21.90, per share. e-Tranzact International followed with a gain of 10.00 per cent to close at N2.09, while Prestige Assurance went up by 9.30 per cent to close to 47 kobo, per share.
Overall, a total turnover of 1.392 billion shares worth N27.886 billion in 19,990 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.471 billion shares valued at N20.941 billion that exchanged hands last week in 20,410 deals.