NSE Index Drops By 0.23% Friday
By Modupe Gbadeyanka
The Nigerian Stock Exchanged closed for the week on a negative note with the market indices falling by 0.23 percent on Friday.
The all-share index dropped by 0.23 percent, closing at 26,981.60 basis points, while the market capitalisation ended at N9.29 trillion.
A capital market analyst, Mr Jimoh Adesanya, informed Business Post that this was caused by drop in prices of blue-chip shares today.
At the stock market today, Seplat Oil recorded highest fall after shedding N19 to close at N361 per share, while Total, which followed, slumped by N16.62k to finish at N315.88k per share.
GTBank lost 93k to close at N22.57k per share, Nigerian Breweries fell by 86k to end at N142 per share, while Zenith Bank sank by 30k to close at N14.80k per share.
Conversely, Nestle gained N19.96k to close at N814.97k per share, Lafarge Cement chalked up N5.8k to finish at N54.88k per share, Flour Mill improved by 70k to end at N19.70k per share, Air Service appreciated by 20k to close at N2.54k per share and AfriPrud rose by 12k to finish at N2.60k per share.
At the close of trading activities today, investors bought a total of 151.9 million shares worth N1.2 billion in 2,903 deals.