Nigerian Stock Exchange index loses 0.87%

NSE maintains positive trend, records 0.92% appreciation
United Bank for Africa

Trading on the Nigerian Stock Exchange closed on a negative note Friday as the All Share Index dropped by 0.87 per cent to close at 27,028.39 points from 27,266.18 on Thursday while market capitalisation also dropped from N9.377 trillion to N9.296 trillion.

Okomu Oil led the gainer table of seven stocks with the highest gain of N3.25 gain or 9.85 per cent to N36.25 followed by Dangote Sugar with a gain of N0.28 or 4.86 per cent to close at N6.04 followed by Ikeja Hotel that gained N0.15 or 4.81 per cent to close at N3.27 per share.

On the other hand, Honywell Flour topped 29 stocks on the losers’ chart with N0.17 loss or 8.95 per cent to close at N1.73 followed by Unity Bank that lost 0.08 or 8.60 per cent to close at N0.85 per share, and Flour Mill that lost N1.04 or 5 per cent to close at N19.76 per share.

Altogether, a total of 235,554,505 shares worth N1.938 billion exchange hands in 2,953 deals.