NSE market indicators depreciate by 0.19percent

Activities on the Nigerian Stock Exchange (NSE) closed for the week on Friday on downward note, with market indicators depreciating by 0.19 per cent following price losses recorded by some blue chips.

The All-Share Index dropped by 52.22 points or 0.19 per cent to close at 27,232.62 compared with

27,284.84 achieved on Thursday.

Also, market capitalisation, which opened at N9.370 trillion, dropped N17 billion or 0.19 per cent to close at N9.353 trillion.

Losers

Nestle topped the losers’ chart, dropping N779.98 to close at N825 per share.

Forte oil trailed with a loss of N197 to close at N205.8 and 7UP dipped N138 to close at N142.4 per share.

Guinness Company shed N97.65 to close at N99.5 and Glaxosmith dipped by N18.21 to close at N20 per share.

Gainers

On the other hand, Nigerian Breweries led the gainers’ table, growing by N131 to close at N128.6 per share.

UnionDicon came second with a gain of N14.38 to close at N13.7, while ETI increased by N17.5 to close at N17.1 per share.

CCNN also improved by N7.35 to close at N7, while Berger Paint increased by N8.3 to close at N8 per share.

The Financial Services Sector remained the toast of investors with UBA emerging the most traded, exchanging 31.62 million shares worth N135.93 million.

Zenith Bank followed with a total of 27.27 million shares valued at N405.84 million, FBN Holdings traded 24.02 million shares worth N387.51 million, while Sky Bank transacted 13.78 million shares valued at N15.44 million.

In all, investors bought and sold 190.65 million shares valued at N1.63 billion achieved in 3,156 deals.

This was against the 182.68 million shares worth N1.58 billion transacted in 3,631 deals on Thursday.