Political

NSE moves 121.26m shares worth N1.58bn in bearish trading

The Nigerian Stock Exchange (NSE) on Friday moved a total of 121.26 million shares valued at N1.58 billion transacted in 2,678 deals in a bearish trading.

Reports state that the turnover was lower when compared to 200.13 million shares worth N2.67 billion exchanged in 2,639 deals on Thursday.

Access Bank dominated activity chart with 16.64 million shares worth N130.83 million.

It was followed by FBN Holdings with an account of 16.18 million valued at N120.45 million, while Inter Link sold 15.52 million shares worth N55.88 million.

Zenith Bank traded 10.06 million shares valued at N244.16 million, while United Bank for Africa sold 7.09 million shares worth N56.57 million.

PZ Cusson recorded the highest price loss to lead the losers' table, dropping by N1 to close at N9 per share.

Lafarge Africa trailed with a loss of 70k to close at N15, while Cadbury shed 55k to close at N9.35 per share.

Union Bank of Nigeria was down by 45k to close at N4.85, while Dangote Flour declined by 35k to close at N5.85 per share.

Consequently, the All-Share Index lost 28.29 points or 0.09 per cent to close at 32,200.21 as against 32,228.50 achieved on Thursday.

Similarly, the market capitalisation which opened at N11.765 trillion shed N10 billion or 0.09 per cent to close at N11.755 trillion.

On the other hand, Seplat led the gainers' table, growing by N30.50 to close at N668.50 per share.

Nestle followed with a gain of N10 to close at N1,460, while Nigerian Breweries gained 40k to close at N82 per share.

Air Services appreciated by 40k to close at N7, while Redstar increased by 25k to close at N4.50 per share.

Source: Voice of Nigeria