Nigeria Stock Exchange market indices dip by 0.58%

Nestle led the losers’ chart by N86.99 to close at N1, 001 per share.

Weekly transactions on the Nigerian Stock Exchange, NSE, closed on Friday on negative note as the All-Share Index depreciated by 0.58 per cent due to profit-taking.

The index lost 222.05 points to close lower at 37,794.75 against the 38,016.80 achieved on Thursday.

Similarly, the market capitalisation, which opened at N12.15 trillion, lost N77 billion to close at N12.08 trillion.

Nestle led the losers’ chart by N86.99 to close at N1, 001 per share. It was trailed by GTBank which dropped N1.49 to close at N28.50, while Okomu Oil Palm lost N1.25 to close at N46 per share. National Salt depreciated by N1.23 to close at N11.12, while Total declined by N1 to close at N164 per share.

On the contrary, Dangote Cement recorded the highest price gain of N3.50 to close at N191 per share. Unilever came second with N1.50 to close at N68, while Oando rose by N1.05 to close at N16.65 per share. UBN increased by N1.03 to close at N11.33, while Cadbury rose by 93k to close at N55.49 per share.

In all, investors staked N3.56 billion on 418.14 million shares in 5,946 deals. This was against a turnover of 400.24 million shares worth N3.25 billion traded in 5,970 deals on Thursday.

Unity Bank remained the toast of investors, accounting for 82.24 million shares worth N51.99 million. It was followed by FBN Holdings which recorded a total of 33.82 million shares valued at N614.38 million, while Access Bank accounted for 24.42 million shares worth N276.86 million.



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