Indices Down by 0.22% as Profit Taking Persists on NSE

The Nigerian Stock Exchange

Indices Down by 0.22% as profit taking persists on NSE

 

On the floor of the Nigerian Stock Exchange (NSE) on Friday, profit taking persists as indices continued downward. Market indicators depreciated by a further 0.22 per cent.

 

Market capitalisation dropped N28 billion to close at N12.804 trillion against N12.832 trillion on Thursday representing a 0.22 per cent depreciation.

 

Also, the All-Share Index, which opened at 26,584.45, lost 58.1 points or 0.22 per cent to close at 26,526.35.

 

Guinness led the losers’ chart with a loss of N3,55 to close at N32.05 per share

 

Dangote Sugar followed with a loss of N1.65 to close at N14.90, while NASCON dipped by N1.30 to close at N11.95 per share.

 

Cadbury lost N1.05 to close at N9.60, while PZ Cusson was down by 60k to close at N5.40 per share.

 

On the gainers’ chart, Nigerian Breweries led the gainers’ table, with a gain of N5.25 to close at N57.95 per share.

 

Unilever followed with N1.75 to close at N20.20, while Julius Berger gained 50k to close at N19.50 per share.

 

Stanbic IBTC added 30k to close at N37.50, while Flour Mills increased by 20k to close at N19.50 per share.

 

In general, 12 stocks recorded price gains, while 23 stocks recorded loses.

 

For the most active stock, Union Diagnostic topped the chart, exchanging 166.11 million shares worth N33.22 million.

 

FCMB Group followed with an account of 29.64 million shares valued at N53.99 million,

 

Zenith Bank had 23.85 million shares worth N440.39 million exchanged.

 

The volume of shares transacted rose by 12.29 per cent as investors bought and sold 341.62 million shares worth N2.34 billion in 2,949 deals in contrast with 304.214 million shares valued at N3.15 billion exchanged in 2,690 deals on Thursday.