NSE: Indices bow to profit taking by 0.96%

Activities on the Nigerian Stock Exchange (NSE) ended the week on Friday on a negative note with the crucial indices dropping by 0.96 per cent following profit taking.

Specifically, the market capitalisation shed N111 billion or 0.96 per cent to close at N11.565 trillion against N11.676 trillion on Thursday.

Also, the All-Share Index which opened at 31,984.69 lost 305.90 points or 0.96 per cent to close at 31,678.70, amid price losses by some blue chips.

Dangote Cement recorded the highest price loss to lead the laggards’ table, decreasing by N5 to close at N195 per share.

Nigerian Breweries trailed with a loss of N1.90 to close at N8.50, while Stanbic IBTC was down by N1 to close at N49 per share.

Lafarge Africa dipped N1 to close at N14, Flour Mills lost 65k to close at N19.80 per share.

On the other hand, CAP led the gainers’ table growing by N2.60 to close at N29.20 per share.

PZ Cussons followed with a gain of 95k to close at N10.65, while UACN gained 40k to close at N9.90 per share.

Guaranty Trust Bank added 40k to close at N36.40, while Northern Nigeria Flour Mills increased by 30k to close at N5.30 per share.

Diamond Bank was the most active stock, exchanging 113.31 million shares worth N102.01 million.

Nigerian Breweries followed with an account of 15.29 million shares valued at N1.29 billion, while Zenith International bank traded 13.80 million shares cost N331.34 million.

FBN Holdings exchanged 11. 85 million shares worth N90.05 million, while Access Bank sold 11.59 million shares valued at N86.59 million.

In all, the volume of shares closed lower with an exchange of 223.84 million shares worth N2.64 billion in 2,819 deals.

This was against the 672.56 million shares valued at N15.22 billion traded in 2,436 deals.