The bearish momentum in the Nigerian Exchange Limited increased further as sustained profit-taking activities in Airtel Africa plc, other stocks drove the market to its fifth consecutive weekly decline.
During the week, Geregu Power listed 2.500 billion ordinary shares of 50 kobo each at N100.00 per share on the main board of NGX. The market breadth for the week was negative as 11 stocks appreciated in price, 46 equities depreciated in price, while 100 stocks remained unchanged. Multiverse Mining & Exploration led the gainers table by 21.95 per cent to close at N4.50, per share.