Transactions at the Nigerian Stock Exchange (NSE) ended on a negative trend on Friday with the All-Share Index dropping by 0.17 per cent, reversing four consecutive days of growth.
The index dropped marginally by 54.02 points or 0.17 per cent to close at 31,441.71 against 31,497.73 achieved on Thursday due to profit taking.
Also, the market capitalisation which opened at N10.795 trillion lost N19 billion to close at N10.776 trillion.
Guinness recorded the highest price loss to lead the losers’ chart, dropping by N6 to close at N131 per share.
Total came second with N5.25 to close at N150, while Flour Mill lost N1.84 to close at N29 per share.
Cadbury declined by N1.75 to close at N33.30, while Okomu Oil shed N1.17 to close at N24.83 per share.
Conversely, Forte Oil led the gainers’ table with N8 to close at N208 per share.
Mobil Oil garnered N5 to close at N160, while PZ rose by N1.51 to close at N34.51.
Ashaka Cement inched N1 to close at N23, while Berger Paints appreciated by 0.47k to close at N9.97 per share.
Continental Insurance for the third consecutive day emerged the most traded equity with a total of 315.48 million shares valued N293.39 million.
It was trailed by Transcrop, having accounted for 47.46 million shares worth N133.66 million, while Zenith Bank sold 24.61 million shares valued at N415.86 million.
Access Bank traded 22.72 million shares worth N108.85 million, while Stanbic IBTC exchanged 18.95 million shares valued N400.85 million.
In all, a total of 524.65 million shares worth N2.33 billion were traded by investors in 3,432 deals.
This was in contrast to the 532.29 million shares valued N5.33 billion achieved in 4,402 deals on Thursday.
Source : BusinessDay
