Nigerian shares have been down 0.14 per cent on Friday amid profit-taking efforts that adopted three straight days of achieve, however that might not hinder the bourse from posting a constructive return for the week.
Merchants’ risk-off disposition to bellwether shares like MTN Nigeria, GTB, and Nigerian Breweries triggered the slide.
Additionally aiding loss, the insurance coverage index fell the many of the 5 sector indexes tracked by change, dropping 0.56 per cent to 199.42 foundation factors as merchants dumped large volumes of AIICO, Sovereign Belief and Lasaco shares on the market.
Nonetheless, the market reported a constructive breadth as 25 gainers emerged relative to 16 losers.
The all-share index shrank by 53.82 foundation factors to 39,156.28. Equally, market capitalisation declined to N20.409 trillion.
12 months so far, the index is down by 2.77 per cent.
TOP FIVE GAINERS
Cutix topped gainers, buying and selling up 9.88 per cent to shut at N2.78. Jaiz Financial institution gained 9.26 per cent to shut at N0.59. Champion Breweries rose by 6.98 per cent to N0.46. Mansard jumped to N0.88, notching up 4.76 per cent. NNFM accomplished the highest 5, climbing up by 4.24 per cent to N6.15.
TOP FIVE LOSERS
NEM topped the losers’ desk, declining by 10 per cent to shut at N1.80. Champion shrank by 10 per cent to finish commerce at N1.80. Royal Trade tumbled to N0.68, dropping 9.33 per cent. FTN Cocoa dipped to N0.33, recording 8.33 per cent loss. Be taught Africa closed at N1, taking place by 8.26 per cent.
TOP FIVE TRADES
Altogether, 289.085 million shares price N3.545 billion have been traded in 3,719 offers.
Sterling was essentially the most most well-liked inventory with 32.086 million items of its shares price N50.577 million traded in 450 offers. Vitafoam transacted 27.602 million shares priced at N331.064 million exchanged palms in 68 transactions. Zenith had 25.720 million shares valued at N594.702 million traded in 237 offers. Constancy traded 22.989 million shares estimated at N51.880 million in 110 transactions. GTB traded 14.095 million shares valued at N407.844 million in 214 offers.
Help PREMIUM TIMES’ journalism of integrity and credibility
Good journalism prices some huge cash. But solely good journalism can guarantee the potential of a very good society, an accountable democracy, and a clear authorities.
For continued free entry to the perfect investigative journalism within the nation we ask you to contemplate making a modest assist to this noble endeavour.
By contributing to PREMIUM TIMES, you’re serving to to maintain a journalism of relevance and guaranteeing it stays free and accessible to all.
TEXT AD: To promote right here . Call Willie +2347088095401…