The Nigerian Stock Exchange, NSE, market indicators dipped further on Friday, dropping 0.33 per cent the second day running, attributable to trading pressures.
The market capitalisation, which opened at N12.430 trillion, lost N40 billion, or 0.33 per cent, to close at N12.390 trillion, due to price losses by some blue chip equities.
An analysis of the price movement chart indicated that Nestle led the losers’ chart with a loss of N25 to close at N1,175 per share, with Nigerian Breweries coming second, with N2, to close at N162, while Mobil Oil lost N1.80 to close at N118.20 per share.
Unilever shed 95k to close at N59.61, while Livestock Feeds dropped 24k to close at N4.42 per share.
On the gainers end, Lafarge Wapco topped the chart, gaining N3.05 to close at N103.95 per share, with Okomu Oil Palm garnering N1 to close at N44, while Union Dicon Salt amassed 63k to close at N6.83 per share.
African Prudential increased by 24k to close at N2.69, while National Salt improved by 22k per share and Unity Bank remained the most traded stock for the second consecutive day, accounting for 157.23 million shares worth N83.46 million.
Wapic Insurance recorded a turnover of 87.43 million shares valued N86.61 million, while Transcorp sold 45.94 million shares valued at N193.14 million. Custodian Insurance accounted for 44.29 million shares worth N88.49 million, and Nem Insurance sold18.18 million shares valued N10.55 million..
In all, a total of 512.01 million shares worth N3.18 billion were traded by investors in 4,271 deals against the 484.64 million shares valued at N3.73 billion traded in 5,877 deals on Thursday.
NAN
