Dipo Olowookere
By Dipo Olowookere
Activities at the local bourse ended bearish on Friday, putting a halt to the bullish run since the beginning of this trading week.
The Nigerian Stock Exchange (NSE) fell yesterday by 0.96 percent as profit taking activities returned, leading to losses recorded by 28 counters.
At the close of business, Seplat led the losers’ chart after losing N23.90k of its share value to close at N711.10k per share.
It was followed by Skye Shelter Fund, which depreciated by N5 to finish at N95 per share, and Dangote Cement, which went down by N3.40k to end at N235.80k per share.
International Breweries declined by N1.80k to settle at N41.80k per share, while CCNN reduced by N1.40k to finish at N26.60k per share.
On the flip side, Nestle Nigeria closed day with N20.20k added to its share value to finish at N1450.20k per share.
It was trailed by Mobil Oil Nigeria, which improved by N8.30k to settle at N174.30k per share, and Unilever Nigeria, which went up by N2 to close at N55 per share.
Stanbic IBTC increased by 70k to end at N48.20k per share, while Cadbury Nigeria garnered 60k to settle at N12.65k per share.
Business Post reports that the All-Share Index (ASI) slipped back into the 38,000 region at the close of market yesterday after depreciating by 372.88 points to close at 38,669.23 points against its previous finish at 39,042.11 points.
Also, the market capitalisation suffered a huge loss on Friday, reducing by N134 billion to settle at N14.008 trillion.
The volume and value of equities transacted on Friday depreciated at the close of market by 57.32 percent and 48.98 percent respectively.
A total of 210 million shares were sold on Friday in 4,141 deals worth N3.9 billion compared with the 492.1 million equities traded the previous day worth N7.6 billion.
The Financial Services sector led the activity chart with 135 million shares exchanged for N1.6 billion, while the Consumer Goods industry followed with 53.5 million shares sold for N2.1 billion.
Dangote Cement emerged the most traded stock at the market on Friday with a total of 27.9 million units sold for N539.2 million.
It was followed by FBN Holdings, which exchanged 23.2 million shares worth N247.7 million, and GTBank, which traded 19.9 million equities valued at N833.9 million.
Unilever Nigeria exchanged 18.4 million shares for N1 billion, while FCMB sold 14 million equities valued at N33.9 million.
