BUSINESS
NSE closes week on negative note as index loses 0.62%
Trading at the floor of the Nigerian Stock Exchange (NSE) on Friday closed on a downward note as the market witnessed only 12 gainers against 19 decliners on the last day of the week.
Investors staked N2.42 billion on 259.31 million shares transacted in 2,402 deals on the day.
On the other hand, the All-Share Index lost 0.62 per cent to close at 25,250 compared with 25,409 recorded on Thursday due to price losses by major blue chip equities.
AIICO stocks were the most traded for the day. A total of 97.54 shares valued at N53.65 million were transacted for the day. It was trailed by Zenith Bank which accounted for 28.40 million shares worth N419.26 million, while Ecobank Transnational Incorporation sold 18.68 million shares valued at N184.92 million.
Also, the market capitalisation which opened at N8.793 trillion decreased by N55 billion to close at N8.738 trillion on Friday.
Nestle Nigeria Plc topped the losers’ chart, dropping by N6 to close at N570 per share. It was followed by Nigerian Breweries with N3.99 to close at N130, while Forte Oil dipped N2.64 to close at N50.35 per share. Unilever lost 66kobo to close at N28.50 and GlaxoSmithKline also dropped by 65kobo to close at N14.10 per share.
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