Stock market: Guinness the loser, Cadbury the gainer

Weekly activities at the Nigerian Stock Exchange (NSE) ended on Friday with market indicators recording further depreciation of 0.07 per cent.

The All-Share Index declined by 31.81 points or 0.07 per cent to close at 41,103.94 against 41,135.75 posted on Thursday.

Market capitalisation, which opened at N13.582 trillion, lost N10 billion to close at N13.572 trillion due to price losses by some blue chip equities.

An analysis of the price movement chart indicated that Guinness led the losers’ chart with a loss of N8.54 to close at N195.7 per share.

PZ Cussons came second with N1.1 loss to close at N32.15, while Mobil Oil lost 92k to close at N173.08 per share.

Nigerian Breweries dipped 43k to close at N176.66 and GTBank dropped 39k to close at N30.01 per share.

Conversely, Cadbury topped the gainers’ chart, gaining N1.19 to close at N53.69 per share.

Champion garnered N1.14 to close at N12.35, while CCNN rose by 67k to close at N15.75 per share.

Oando Oil increased by 62k to close at N26.37, while UBN improved by 44k to close at N9.39 per share.

Skye Bank emerged the most traded stock, accounting for 303.04 million shares worth N732.44 million.

Zenith Bank recorded a turnover of 26.32 million shares valued at N636.09 million, while Fidelity Bank sold 24.21 million shares valued at N49.59 million.

Ikeja Hotel accounted for 23.54 million shares worth N46.69 million, while UBA transacted 15.23 million shares valued at N101.60 million.

In all, a total of 560.322 million shares worth N5.76 billion were traded by investors in 4,322 deals against the 673.973 million shares valued at N6.32 billion traded in 4,967 deals on Thursday.