NSE market indicators dip by 0.10%

Weekly activities on the Nigerian Stock Exchange (NSE) ended on Friday on a negative note with the All-Share Index dipping marginally by 0.10 per cent due to price depreciation.

The  index lost 40.96 basis points to close at 41,529.11 against 41,570.07 achieved on Thursday.

The market capitalisation, which opened at N13.726 trillion lost N14 billion or 0.10 per cent, to close at N13.712 trillion.

An analysis of the laggards’ chart indicated that Lafarge Wapco led the pack with a loss of N5.71 to close at N118 per share.

Nigerian Breweries came second with a loss of N4.80 to close at N178.40, while Ashaka Cement dropped N1.59 to close at N27.36 per share.

Okomu Oil depreciated by N1.50 to close at N33, while NNFM lost N1.10 to close at N20.91 per share.

On the other hand, Cadbury led the gainers’ table by N2.45 to close at N79.45 per share.

Conoil grew by N1.18 to close at N52, while Oando Oil improved by 98k to close at N19.98 per share.

Dangote Cement rose by 77k to close at N229.99, while Presco advanced by 50k to close at N37.50 per share.

Also, the volume of transactions dropped by 57.49 per cent as 190.165 million shares worth N2.66 billion were traded in 4,741 deals.

This was against the 447.406 million shares valued at N6.320 billion traded in 5,943 deals on Thursday.

Transcorp was the toast of investors, accounting for 36.35 million shares worth N156.09 million.

UBA followed with a total of 17.68 million shares valued at N133.48 million, while GTBank sold 17.12 million shares worth N513.36 million.

Mbenefit accounted for 10.94 million shares valued at N5.47 million, while Oando exchanged 9.11 million shares worth N182.64 million.

NAN