NSE Market Indicators Down By 0.70% Friday

By Modupe Gbadeyanka

Activities on the Nigerian Stock Exchange (NSE) ended on Friday for the week on a downward trend with the All-Share Index dropping by 0.07% after growing by 0.08% the previous day.

Specifically, the all-share index declined by 196.68 points to close at 27,835.22 points.

The market capitalisation, which finished at N9.628 trillion on Thursday, ended at N9.560 trillion on Friday, recording a loss of N67.5 billion.

At the close of trading on the NSE for the week on Friday, Nestle led the losers’ chart after declining by N15 to close at N800 per share, while Guinness trailed, losing N9.54k to finish at N88.45k.

Wapco dropped N2.40k to end at N47.20k per share, Zenith fell by 72k to close at N14.23k per share and GTBank finished N23.45k per share after shedding 41k.

On the other hand, Union Bank of Nigeria grew by 23k to finish at N4.80k per share to lead the gainers’ table, while Okomu Oil followed, closing at N40.11k per share after gaining 21k.

Africa Prudential Registrars Plc added 13k to close at N2.83k per share, Oando gained 8k to finish at N5.40k per share and United Capital Plc picked 5k to end at N2.51k per share.

In all, a total of 200.842 million shares valued at N921.565 million were traded in 3,048 deals on Friday.

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