The Nigerian equities market reversed the bullish trend witnessed in the previous weeks, as the market closed down 3 out of 5 trading days to end the week on a
negative note. The All Share Index declined by 0.13%WoW to 39,483.08pts, further deepening the year to date losses to -1.96%. All sectoral indices (NXGBNK,
NGXCNSMRGDS, NGXOILGGAS, NGXINS) declined, save for the Industrial goods index (NGXINDUSTR), which inched higher by 1.85% WoW. HONYFLOUR (+46.34%
WoW) retained its position as the top gainer for the week, while MEYER shed the most weight (-66.10% WoW). Also, HONYFLOUR for the second consecutive week
topped the activity chart as the top traded stock by volume, while NESTLE emerged as the top traded stock by value.
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