By Modupe Gbadeyanka
The bearish performance on the floor of the Nigerian Stock Exchange (NSE) was extended on Friday by the major market indices, Business Post reports.
Just like yesterday, 7up again topped the losers’ chart dominated by 17 other stocks, leaving the market breadth to close negative with only 14 appreciating stocks.
The All-Share Index fell by 93.38 points or 0.37 percent to finish the day at 25,189.37 points, while the market capitalisation depreciated by N32.3 billion to end at N8.716 trillion and the year-to-date return at -6.27 percent.
At the close of trading on the NSE on Friday, 7up dropped N9.71k to finish at N89.95k per share, while Nigerian Breweries declined by N3.89k to close at N120.11k per share.
Presco crashed by 30k to end at N46.70k per share, Ecobank fell by 28k to finish at N7.10k per share and Union Bank went down by 25k to close at N4.75k per share.
Conversely, Unilever gained N2.35k to close at N35.50k per share and Stanbic IBTC grew by 97k to finish at N20.47k per share.
Our correspondent further reports that Dangote Sugar experienced a rise of 29k to close the day at N6.9k per share, while Newrest ASL Nigeria Plc appreciated by 19k to end at N4.10k per share and Okomu Oil progressed by 11k to finish at N47.50k per share.
At the close of activities on Friday, investors traded a total of 171.6 million shares transacted in 2,846 deals worth N1.1 billion.
Adedapo Adesanya