Transactions at the Nigerian Stock Exchange (NSE) on Friday ended on a downward trend as the market capitalisation dropped N21 billion due to profit-taking.
The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N12.720 trillion closed lower at N12.699 trillion.
Also, the All-Share Index lost 86.25 basis points or 0.22 per cent to close at 38,554.19 against 38,640.44 achieved on Thursday.
Seplat topped the losers’ chart with N13.79 to close at N682.33 per share.
It was followed by 7up which lost N3.50 to close at N82, while Presco dipped by N1.85 to close at N35.20 per share.
Dangote Cement lost N1 to close at N224, while Stanbic IBTC decreased by 57k to close at N22 per share.
Market analysts attributed the depreciation to profit-taking embarked upon by some investors following the growth recorded by the market in the last three days.
Conversely, Mobil topped the gainers’ chart with N6.47 to close at N135.87 per share.
Total came second with N2.35 to close at N155.35, while Flour mills gained 50k close at N69 per share.
Berger Paint increased by 32k to close at N9.50, while Ashaka Cement improved by 29 k to close at N20.09 per share.
In all, investors bought and sold 304.78 million shares worth N4.64 billion transacted in 4,393 deals.
NAN reports that this was against the 300.78 million shares valued at N2.89 billion traded in 3,990 deals on Thursday.
Zenith Bank was the toast of investors, trading 54.01 million shares worth N1.23 billion.
UAC Property sold 39.86 million shares valued N916.67 million, while FBN Holdings sold 21.31mllion worth of shares worth N277.21 million.
GT Bank accounted for 16.71 million shares valued at N448.68 million, while Transcorp exchanged a total of 15.58 million shares worth N57.17 million. (NAN)
