Stock exchange closes week on negative note

Salamatu Ejembi, Lagos

L – R (A) Mr. Inam Udo Udoma, Non-Executive Director, Linkage Assurance Plc; Mrs Joyce Ojemudia, General Manager, Marketing, Linkage Assurance Plc; Haruna Jalo-Waziri, Executive Director, Capital Markets, The Nigerian Stock Exchange (NSE); Dr. Pius Apere, Managing Director/CEO, Linkage Assurance Plc; Mrs. Imo Oyewole, Non-Executive Director, Linkage Assurance Plc; Mr. Taukeme Koroye, Non-Executive Director, Linkage Assurance Plc and Mr. Daniel Braie, Executive Director, Technical Operations at Closing Gong Ceremony at The Exchange on Friday

The Nigerian Stock Exchange closed activities for the week on Friday on a negative note.

The market capitalization and NSE All Share Index fell by 0.37 per cent with major market indices closing with a decline.

The market capitalization closed at 8.716 trillion Naira, declining by 32 billion Naira when compared to Thursday’s closing of 8.748 trillion Naira.

The NSE All share Index closed at 25,189.37 basis points, declining by 93.38 basis points when compared to Thursday’s closing of 25,282.75 basis points.

In all, a total of 1.716 million shares worth 1.106 billion Naira were traded in 2,846 deals.

L – R (B) Haruna Jalo-Waziri, Executive Director, Capital Markets, The Nigerian Stock Exchange (NSE) presenting the replica of the Closing Gong to Dr. Pius Apere, Managing Director/CEO, Linkage Assurance Plc at the Closing Gong Ceremony at The Exchange on Friday

Gainers and losers

Livestock feeds PLC gained the most after the close of activities in the equities section of the Nigerian Stock Exchange with a closing price of 65 kobo, appreciating by 5 kobo or 8.33 per cent as against Thursday’s closing of 60 kobo per share.

Unilever Nigeria PLC followed next with a closing price of N35.50 per share to gain N2.35 or 7.09 per cent when compared with Thursday’s closing price of N33.15 per share.

Dangote Sugar Refinery PLC gained by 29 kobo or 5 per cent when it closed at N6.09 when compared to Thursday’s closing price of N5.80 per share.

 7-UP Bottling Company PLC topped the losers’ chart by N9.71 or 9.74 per cent when it closed at N89.95 per share when compared to Thursday’s closing of N99.66 per share.

FBN Holdings PLC declined by 20 kobo or 5.54 per cent when it closed at N3.41 per share as against Thursday’s closing price of N3.61 per share.

Union Bank Nigeria PLC fell by 25 kobo or 5 per cent when it closed at N4.75 per share when compared to Thursday’s closing price of N5 per share.

In all, Friday’s activities came to a close with 15 listed stocks appreciating, 18 depreciating, while all other remained unchanged.

And to sound the closing gong for today’s activities were representatives from Linkage Assurance Plc who were at the close of the event, given a replica of the closing gong.

It was received by Managing Director/CEO, Linkage Assurance Plc, Dr. Pius Apere and presented by Executive Director, Capital Markets, Nigerian Stock Exchange (NSE), Haruna Jalo-Waziri.

UO