Activities at the Nigerian Stock Exchange (NSE) on Friday reversed downward after appreciating for three consecutive days.
The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N9.76 trillion fell by 2.33 per cent or N226 billion to close at N9.53 trillion.
Also, the All-Share Index dropped by 663.25 points or 2.33 per cent to close at 27,756.67, compared with 28,419.92 declared on Thursday following price appreciation.
Dangote Cement recorded the highest price loss, shedding N14.99 to close at N176.01 per share.
Lafarge Wapco trailed with a loss of N1.6 to close at N56.4 while Flour Mill dipped 25k to close at N19.75 per share.
Oando Oil lost 21k to close at N4.76, while Afripurud depreciated by 13k to close at to close at N2.52 per share.
On the other hand, Seplat led the gainers’ chart by N15.15 to close at N318.33 per share.
7UP gained N4.9 to close at N144.9, while Total grew by N1.9 to close at N241.9 per share.
Cadbury appreciated by 6k to close at N36, while GTBank chalked up 54k to close at N27.04 per share
GTBank emerged as investors’ delight, accounting for 79.35 million shares worth N2.14 billion.
UBA exchanged 73.92 million shares valued at N321.01 million, while Fidelity Bank sold 43.25 million shares worth N39.47 million.
FCMB sold 28.32 million shares worth N32.03 million, while Zenith Bank sold 15.77 million shares valued N232.04 million.
In all, the volume of shares traded increased by 34.99 per cent as investors exchanged a total of 309.45 million shares worth N3.37 billion
in 3,723 deals.
This was against 229.23 million shares valued at N2.12 billion traded in 3,243 deals on Thursday. (NAN)
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