NSE market indices dip marginally

The Nigerian Stock Exchange (NSE) market indicators on Friday dipped marginally by 0.0.06 per cent as trading closed for the week. 

The All-Share Index fell by 26.69 points or 0.06 per cent to close at 42,891.82 points, as against 42,918.82 points posted on Thursday.

The market capitalisation, which opened at N14.171 trillion, lost N9 billion or 0.06 per cent to close at N14.162 trillion due to price losses by some blue chip equities.

An analysis of the price movement indicated that Conoil led the losers’ chart with N3.28 to close at N62.32 per share.

Julius Berger followed with N2 to close at N63, while Oando Oil lost 65k to close at N25 per share.

Nigerian Breweries dipped by 61k to close at N175.61, while UAC-Property dropped 44k to close at N17.46 per share.

Conversely, Mobil oil topped the gainers’ chart, gaining N7.72 to close at N162.22 per share.

Guinness garnered 92k to close at N198.02, while NNFM rose by 71k to close at N20.50 per share.

CCNN share price increased by 54k to close at N11.80, while PZ Cussons improved by 51k per share.

For the second consecutive day, Fidelity Bank remained the most traded stock, accounting for 139.19 million shares worth N264.71 million in 122 deals.

Transcorp recorded a turnover of 24.44 million shares valued N143.54 million in 278 deals, while FCMB sold 23.55 milion shares valued N99.58 million in 62 deals.

In all, investors traded 374.304 million shares worth N3.21 billion in 4,778 deals compared with 365.252 million shares valued at N4.43 billion traded in 4,904 deals on Thursday.