Transactions on the Nigerian Stock Exchange (NSE) on Friday closed for the week on a bearish note with the market indicators dropping by 0.03 per cent due to persistent profit taking.
The market capitalisation lost three billion naira or 0.03 per cent to close at N11.751 trillion against N11.754 trillion posted on Thursday.
Similarly, the All-Share Index dropped by 7.65 points or 0.03 per cent to close at 34,485.72 compared with 34,493. 37 achieved on Thursday.
An analysis of the price movement chart indicated that Total recorded the highest price loss for the day, declining by N8.55 to close at N162.45 per share.
Nigerian Breweries dipped N2 to close with N151, while Conoil lost N1.79 to close at N36.21 per share.
Forte Oil depreciated by N1.15 to close at N197.60 and Oando plc lost 56k to close at N19.60 per share.
Conversely, Lafarge Wapco led the gainers’ table, gaining N2 to close at N93 per share.
Unilever also gained N2 to close at N40, while PZ rose by N1.45 to close at N31.23 per share with Stanbic IBTC at N1.56 kobo to close at N28.65 kobo and Okomu Oil N1.30 kobo to close at N27.30 per share.
The volume of shares traded dropped by 20.86 per cent as investors bought and sold 429.10 million shares worth N4.15 billion achieved in 4,691 deals.
This was against the 542.23 million shares valued N3.56 billion transacted in 5,221 deals on Thursday.
UBA was investors’ delight accounting for 80.02 million shares worth N425.48 million followed by International Energy Insurance having accounted for 55.48 million shares valued N27.74 million.
FBN Holdings sold 30.89 million shares worth N318.86 million.
Sterling Bank traded 26.73 million shares valued N63.79 million, while investors staked N97.89 million on 21.49 million shares of Diamond Bank.
(NAN)
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