Stock Market index drops by 0.18% 

Toyin Ajadi

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The gains of the last two days on the equities market could not be sustained on the last trading day of the week as the market closed with the benchmark index recording 0.18% loss to close at 47,202.30 just as the market capitalisation also shed N45 billion to close the day’s trading at N25,435 trillion naira as against N24,480 trillion on Thursday.

 

The market sentiment however remained positive as Friday’s trading closed with 19 gainers relative to 16 losers.

 

A total of 311.50 million shares with market value of N 4.39 billion were traded in 4,916 deals on Friday.

 

Guiness Nigeria led the gainers with N5.50k gain to close at N60.50k. After it was  NCR Nigeria with N0.30k loss to close at N3.30k and SCOA Nigeria with N0.16k loss to close at N1.78k.

 

On the losing side, Pharma-Deko came out last after it lost N0.16k to close at N1.65k per share and it was followed by N.E.M Insurance Company with N0.23k loss to close at N3.32k then Champion Breweries lost N0.13k to close at N2.11k per share.

 

Access Bank had the highest volume of 30.8 million traded shares followed by Sovereign Trust Insurance with 30.8 million traded shares as well.

Bilkisu Pai

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