December 8, 2017

Nigerian Stock Exchange market indicators downgraded by 0.70 per cent on Friday to halt six consecutive days of upward movement, due to profit taking.

The News Agency of Nigeria (NAN) reports that the market capitalisation shed N96 billion or 0.70 per cent to close at N13.672 trillion against N13.768 trillion recorded on Thursday.

Also, the All-Share Index which opened at 39,534.14 lost 276.61 points or 0.70 per cent to close at 39,257.53 achieved on Thursday.

A breakdown of the price movement table showed that Dangote Cement led the losers’ chart with a loss of N5 to close at N245 per share.

International Breweries trailed with a loss of N2.98 to close at N56.78, while Unilever lost N2.18 kobo to close at N41.61 per share.

Lafarge Africa dropped N1 to close at N48, while Dangote Flour decreased by 64k to close at N11.40 per share.

Conversely, Mobil led the gainers’ table growing by N7.61 to close at N159.82 per share.

7UP followed with a gain of N4.85 to close at N101.97, while Presco increased by N3.30 to close at N69.30 per share.

Nigerian Breweries grew by N1.50 to close at 145, while Forte Oil rose by N1.27 to close at N44.50 per share.

Similarly, the volume of shares traded closed lower as investors staked N5.12 billion on 530.08 million shares exchanged in 5,066 deals.

This was against the 1.06 billion shares worth N10.16 billion traded in 8,464 deals on Thursday.

Access Bank led the activity chart accounting for 119.56 million shares, worth N1.39 billion.

Fidelity Bank came second with a turnover of 103.63 million shares, valued at N263.20 million, while AIICO traded 53.21 million shares worth N29.26 million.

FBN Holdings sold 39.26 million shares, valued at N354.39 million, while Diamond Bank traded 31.33 million shares worth N45.13 million.