• Friday, February 23, 2024
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Blue chips drop price on NSE


Some blue chips on the Nigerian Stock Exchange (NSE) on Friday recorded price depreciation as a result of profit taking by investors.

The Dangote Cement topped the price losers’ chart, dropping N4.92 to close at N235 per share.

Guinness lost N2.20 to close at N168.90, while UACN depreciated by N1.99 to close at N67.01 per share.

Nigerian Breweries lost N1.61 to close at N145, while GTBank dipped by 95k to close at N23.67 per share.

The All-Share Index lost 520.45 points or 1.34 per cent to close at 38,295.74 against the 38,816.19 recorded on Thursday.

Similarly, the market capitalisation dipped by N167 billion or 1.34 per cent to close at N12.301 trillion from the N12.468 trillion achieved on Thursday.

On the other hand, Oando led the gainers’ table with 67k to close at N19.63 per share.

UAC Property followed with a gain of 49k to close at N20, while ETI grew by 28k to close at N13.80 per share.

Afriprud also gained 12k to close at N3.70, while Eterna improved by 11k to close at N3.80 per share.

In all, investors staked N3.51 billion on 520.430 million shares in 5,017 deals.

This was against 483.545 million shares worth N4.86 billion traded in 4,539 deals on Thursday.

The financial services sector remained the most active with UBA emerging the most traded equity with 88.02 million shares worth N591.23 million exchanged by investors in 400 deals.

Unity Bank came second with 66.11 million shares valued at N33.05 million traded in 58 deals, while Nigerins sold 44.81 million shares worth N22.4 million in 37 deals.

FBN Holdings accounted for 39 million shares valued at N462.34 million traded by investors in 673 deals, while GTBank traded 35.39 million shares valued at N833.43 million in 564 deals.