Weekly Market Wrap: Eunisell Interlinked tops gainers with 45.91% surge as Oando leads decliners amidst 0.20% ASI dip 

This represents a 0.20% decline from the previous week’s close of 97,432.02, marking the second consecutive week the index has ended below its opening level.

Notably, trading activity surged during the week, with volumes increasing significantly to 3.2 billion shares, an 18.52% jump from the 2.7 billion shares recorded the previous week.

However, the broader market exhibited mixed sentiments, as 31 equities appreciated compared to 39 in the prior week, while 42 equities saw price declines, an improvement from the 45 recorded in the preceding week.

Despite the week’s overall bearish trajectory, market activity demonstrated a notable uptick, with trading volumes rising by 18.52%, indicating heightened investor participation.

Nevertheless, ASI ended slightly in the red, with Monday and Wednesday contributing the most to the weekly losses. By Thursday and Friday, the index showed signs of stabilization but failed to reverse earlier declines.

Leading the pack of gainers, EUNISELL INTERLINKED PLC surged by 45.91%, followed by JOHN HOLT PLC., which rose by 45.76%. Other notable gainers included:

On the losing side, OANDO PLC led the decline, plunging by 21.97%, followed by ABBEY MORTGAGE BANK PLC and DEAP CAPITAL MANAGEMENT & TRUST PLC, which fell by 18.15% and 14.40%, respectively.

Other significant decliners included:  

The past week witnessed several noteworthy corporate developments: