NSE record 28 losers against 18 gainers, Index down by 53 bps
Trading of shares on the Nigerian Stock Exchange, NSE Friday recorded 28 losers against 18 gainers with the All Share Index down by 52 bases points, bps amid renewed profit taking activity by investors.
Guaranty Trust Bank, GTBank, United Bank for Africa, UBA, Okomu Oil and Flour Mill of Nigeria shares dragged down the NSE Banking and NSE Consumer Goods indices by 0.90 percent and 0.39 percent respectively. Also, market capitalisation decreased by ₦69 billion to close at ₦13.32 trillion.
The top gainers on the Exchange include Beta Glass which garnered ₦7.80 or 10 percent per share to close at ₦85.80 per share, followed by Seplat Petroleum Development Company which surged by N6.00 per share or 0.85 percent B to close at ₦710 per share. Nigeria Breweries appreciated by ₦3.00 per share or 3 percent to close at ₦103 per share, followed by Red Star Express with a gain of 30 kobo per share or N5.50 percent to close at ₦5.75 per share while WAPCO up by 20 per share to close at ₦28.00 per share.
Conversely, Okomu Oil led the losers by shedding ₦5.00 per share to close at ₦76.00 per share followed by International Breweries which dropped by ₦2.90 per share to close at ₦30.50 per share.
Other gainers include Forte Oil rising by ₦1.10 per share to close at ₦23.40 per share, followed by Dangote Cement which went down by ₦1.00 per share to close at ₦229 .00 per share, and Cadbury Nigeria dipped by 95 kobo to close at ₦9.75 per share.
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