By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) closed for the week on Friday with Total Plc recording the highest gain to lead the gainers’ chart with a gain of N22.85k to close at N245.85k per share after closing the previous day at N223 per share.
Mobil followed with a rise of N9.95k closing at N208.97k per share, Presco Oil appreciated by 22k to finish at N44.7k per share, Dangote Sugar rose by 19k to end at N6.20k per share, while AfriPrud went up by 13k to finish at N2.92k per share.
However, despite the huge gain by Total Plc and Mobil, the stock market went down by 0.62 percent, making investors lose about N54.2 billion.
The all-share index dropped by 0.62 percent or 157.31 points at the close of market activities to finish at 25,333.39 points, while the market capitalisation declined by N54.2 billion to end at N8.72 trillion.
The top declining stocks on Friday were led by Forte Oil, which shed N6.20k to finish at N62.80k per share, while Okomu Oil lost N3.88k to close at N36.20k per share.
Dangote Cement depreciated by N1.51k to end at N159.99k per share, Lafarge Africa sank by N1.40k to close at N42.70k per share and Julius Berger slumped by N1.10k to close at N35 per share.
At the capital market on Friday, Business Post correspondent reports that investors staked N2.14 billion on 144.2 million stocks in 2,459 deals. This was in contrast to what was achieved on Thursday, when investors spent N1.14 billion on 97 million shares in 1,929 deals.
Friday’s lose at the stock market is the second after the NSE recovered from an 8-day losing streak on Wednesday.
