NSE ends trading week on negative, drops 0.07%

Trading activities on the floor of the Nigerian Stock Exchange ended the week and, eventually the month, on a negative note as the lead indicators shed 0.07 percent.

The All Shares Index shrank by 17 basis points to close the month of March with 25,516, while the market capitalisation also dropped N6 billion to end the month with N8.82 trillion.

Nigerian Breweries lost N4 to end the week at N127, shedding 3.05 percent. It was followed by GlaxoSmithKline which closed at N48 having lost N0.48.

Guaranty Trust Bank which started the day at N25.35 lost N0.45 or 1.78 percent to close with N24.90.

Conversely, WAPCO gained N3.99 representing 10.23 percent to end trading with N42.99.

Betaglass Nigeria Plc grew by N2.10 to close with N44.28 and 4.98 percentage increase. Okomu Oil added N2 which represents 4.17 percent to close at N50 per share.

Mobil Oil was the most traded stock on the last day of the month as it transacted 216.5 million with a value of N90.3 billion.

Staco Insurance sold 100 million shares valued at N50 million, while Zenith Bank had 69.1 million shares valued at N970.9 transacted.