Home Business Stock market indices down by 0.87 per cent

Stock market indices down by 0.87 per cent


Lagos – The market indicators of the Nigerian Stock Exchange (NSE) on Friday depreciated further by 0.87 per cent amid profit taking.

[pro_ad_display_adzone id=”70560″]

The News Agency of Nigeria (NAN) reports that the All-Share Index shed 237.79 points or 0.87 per cent to close at 27,028.39 against 27,266.18 achieved on Thursday.

Also, the market capitalisation lost N82 billion or 0.87 per cent to close at N9.295 trillion compared with N9.377 trillion posted on Thursday.

Nigerian Breweries topped the laggards’ chart, shedding N3.50 to close at N109.50 per share.

It was followed by Glaxosmithkline with a loss of N1.10 to close at N30, while Flour Mills lost N1.04 to close at N19.76 per share.

ETI declined by 86k to close at N16.76, while Zenith shed 30k to close at N12.90 per share.

Conversely, Okomuoil recorded the highest gain to lead the gainers’ chart, gaining N3.25 to close at N36.25 per share.

Dangote Sugar followed with 28k to close at N6.04, while Ikeja Hotel increased by 15k to close at N3.27 per share.

Vono Products garnered 4k to close at 96k, while Learn Africa appreciated by 2k to close at 82k per share.

Access Bank was investors’ delight, accounting for 71.64 million shares worth N329.55 million traded in 179 deals.

UBA followed with a total of 38.95 million shares valued N117.73 million exchanged in 259 deals, while GT Bank sold 22.45 million shares worth N401.45 million in 275 deals.

Investors’ staked N45.49 million on 21.23 million shares of Diamond Bank transacted in 61 deals and Zenith Bank traded 20.26 million shares valued N262.92 million in 481 deals.

NAN reports that a total of 235.55 million shares worth N1.94 billion were exchanged by investors in 2,953 deals.

This was against 166.39 million shares worth N1.66 billion traded in 2,917 deals on Thursday, an increase of 41.56 per cent. (NAN)

Previous articleFayose’s wife celebrates 52nd birthday with less privileged
Next articleI funded empowerment projects with my personal funds—Sen. Abe

Leave a Reply