NSE Closes Week Negative As Index Drops By 0.01%

By Modupe Gbadeyanka

Activities on the Nigerian Stock Exchange (NSE) ended for the week on Friday on a negative note after the market initially bounced back on Thursday from the three-day losing streaks.

The all-share index shed 0.01 percent or 1.52 points to close at 27,596.82 points, while the market capitalisation finished at N9.478 trillion after losing N521 million.

The ASI had closed on Thursday at 27,598.34 points, while the market capitalisation ended at N9.479 trillion.

Business Post correspondent reports that trading was not too impressive today, which showed in the volume of shares exchanged at the stock market.

Investors traded 70.9 million shares today valued at N656.019 million in 1,973 deals compared with the 111.9 million shares sold yesterday in 2,699 deals worth N4.012 billion.

PZ topped the losers’ chart at the close of trading on Friday to finish at N17.48k per share after depreciating by 92k, while Cadbury lost 69k to close at N13.13k per share and GTBank fell by 21k to end at N24.28k per share.

Dangote Flour went down by 8k to close at N3.75k per share, while Dangote Sugar dropped by 6k to finish at N6.20k per share.

FBNH emerged the most traded equities today selling a total of 8.3 million shares worth N25 million, while GTBank trailed with 8.2 million stocks transacted valued at N197.7 million.

On the gainers’ chart on Friday, Seplat topped with a gain of N18.40k to finish at N386.40k per share, Mobil trailed after chalking up N3 to close at N190 per share, while Oando added by 10k to end at N5.20k per share.

NPF Microfinance Bank Plc (NPFMCRFBK) went up by 5k to finish at N1.5k per share and Honeywell Flour Mill Plc (HONYFLOUR) closed at N1.30k per share after appreciating by 4k.