Connect with us

BUSINESS

NSE: Market indices record marginal loss of 0.03%

Published

on

NSE maintain bearish trend despite listing of Ellah Lakes additional shares

The market indicators of the Nigerian Stock Exchange (NSE) closed trading on Friday with a marginal decline of 0.03 per cent.

Specifically, the All-Share Index dipped 8.51 points or 0.03 per cent to close at 26,348.73 against 26,357.24 achieved on Thursday.

Similarly, the market capitalisation declined to N12.826 trillion from N12.830 trillion recorded on Thursday.

A breakdown of the price movement shows Guinness recorded the highest loss, shedding N2.60 to close at N23.85 per share.

Forte Oil trailed with a drop of N1.55 to close at N16.05, while Cement Company of Northern dipped N1 to close at N15 per share.

Dangote Floor was down by 75k to close at N22.25, while C &I Leasing lost 70k to close at N6.60 per share.

On the other hand, Guaranty Trust Bank led the gainers’ table, gaining 30k to close at N26.30 per share.

Lafarge Africa gained 25k to close at N14.70, while Access Bank added 20k to close at N7.30 per share.

United Bank for Africa increased by 10k to close at N5.85, while Sterling Bank rose 9k to close at N1.94 per share.

Also, the volume of shares traded dipped by 17.41 per cent with an exchange of 371.042 million shares valued at N2.52 billion in 2,736 deals.

This was against 449.24 million shares worth N1.64 billion transacted in 2,810 deals on Thursday.

Omoluabi Mortgage Bank remained toast of investors, trading 120.50 million shares valued at N66.28 million.

This was followed by Zenith Bank with an account of 74.49 million shares valued at N1.27 billion.

United Bank for Africa trailed with 28.47 million shares worth N165.68 million, while UAC Property sold 26.99 million shares worth N28.87 million.

Transcorp traded 24.12 million shares valued at N23.88 million.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel