Investors lose N59bn on Nigerian bourse on Friday

Trading activities on the Nigerian Stock Exchange (NSE) closed on a negative note on Friday as investors recorded a loss of N59 billion.

From the value of N15.040 trillion on Thursday the market capitalisation lost N59 billion or 0.39 percent to close at N14.981 trillion against on Friday.

Also, the All-Share Index dipped by 161.69 points or 0.39 per cent to close at 41,472.10 compared with 41,633.79 on Thursday.

Analysis of the day transactions shows that Nestle topped the losers’ chart, dropping by N13.30 to close at N1,317 per share.

It was followed by Dangote Cement with a loss of N9.90 to close at N255, while Presco was down by N3.30 to close at N68.70 per share.

Nigeria Breweries depreciated by N1.40 to close at N126.30, while PZ Industries fell by N0.95 kobo to close at N22.05

Lafarge Africa, on the other hand, led the gainers’ table with N2.50 price appreciation to close at N50 per share.

GT Bank followed with a gain of N1.95 to close at N46.90, while Zenith International Bank increased by N1.40 to N30.20 per share.

Cadbury advanced by N1.30 kobo to N14.55, while GlaxosmithKline added N1.20 to close at N25.50 per share.

AIICO Insurance led the activity chart during the day, trading 139.34 million shares worth N94.83 million.

Access Bank’s 39.06 million shares cost N105.39 million, while FBN Holdings transacted 36.97 million shares valued at N452.26 million while GT Bank accounted for 34.31 million shares valued at N1.58 billion.

Overall, the volume of shares traded appreciated by 3.28 percent with a total of 560.12 million shares worth N6.76 billion in 4,605 deals which was against 542.35 million shares worth N7.35 billion achieved in 5,039 deals on Thursday.