Nigerian Bourse Closes Week Negative

Transactions on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a negative note as the market capitalisation dipped by 1.84 per cent.

The News Agency of Nigeria reports that the market capitalisation lost N226 billion or 1.84 per cent to close at N12.067 trillion against the N12.293 trillion recorded on Thursday.

The All-Share Index also fell by 1.84 per cent or 654.47 points to close at 35,005.57 from the 35,660.04 posted on Thursday.

Dangote Cement topped the losers’ table, dropping N8.19 to close at N205.8 per share.

Total Oil trailed with a loss of N7.1 to close at N225, while Nigeria Breweries depreciated by N5.55 to close at N175 per share.

PZ Cussons dropped 99k to close at N25, while Forte Oil lost 9k to close at N47.9 per share.

On the other hand, International Breweries led the gainers’ chart, chalking up N1.42 to close at N38.95 per share.

Guinness appreciated by N1.25 to close at N96.65, while Flour Mill rose by 4k to close at N27.4 per share.

Transcop share price rose by 35k to close at N6.21, while Access Bank gained 2k to close at N9.9 per share.

Fidelity Bank emerged the toast of investors, accounting for 24.59 million shares worth N32.00 million.

FBNH came second on the activity chart with 14.27 million shares valued at N79.51 million, while Access Bank sold 13.64 million shares worth N132.87 million.

Zenith Bank traded 12.64 million shares valued at N280.37 million, while Afribank sold 11.57 million shares worth N36.69 million.

The volume of shares traded rose by 24.80 per cent as 160.139 million shares worth N2.96 billion were traded in 3,367 deals compared with the 128.312 million shares valued at N2.73 billion traded in 3,241deals on Thursday.