Profit taking: NSE market capitalistion sheds N141bn

NAN reports that the market capitalisation, which opened at N9.267 trillion, lost N141 billion to close at N9.124 trillion.

Also, the All-Share Index lost 415.69 points or 1.54 per cent to close at 26,537.36 against 26,953.05 achieved on Thursday.

A breakdown of the price movement chart indicated that Total led the losers’ chart, depreciating by N7.20 to close at N145 per share.

Dangote Cement came second with a loss of N5.04 to close at N150.01, while Nigerian Breweries lost N2.80 to close at N115.99 per share.

UACN dipped by N1.43 to close at N19, while Okomu Oil decreased by N1.13 to cloae at N27.21 per share.

Conversely, Julius Berger topped the gainers’ chart with a gain of N1.98 to close at N41.68 per share.

International Breweries garnered 48k to close at N15.98, while Oando rose by 27k to close at N5.73 per share.

Honeywell chalked up 17k to close at N1.91, while Cement Company of Northern Nigeria rose by 15k to close at N7.92 per share.

NAN also reports that Continental Insurance drove the activity chart, accounted for 304.59 million shares valued at N487.19 million.

Sterling Bank sold 51.47 million shares worth N92.14 million, while PZ sold 15.32 million shares valued at N487.79 million.

UBA traded 14.04 million shares worth N50.15 million, while investors in Tiger Brands staked N11.458 million on 9.83 million shares.

In all, a total of 480.35 million shares valued at N3.03 billion were exchanged by investors in 2,412 deals.

This was against 172.71 million shares worth N2.62 billion traded in 2,480 deals on Thursday.