Market closes the week negative as investors lose N51bn
Market transactions on the Nigerian Stock Exchange (NSE) closed the week negative on Friday after a three-day holiday for Ramadan celebration. Investor recorded a loss of N51 billion as the Market Capitalisation which opened the day trading activities at ₦9.961 trillion closed at N9.910 trillion. Also, the All Share Index which opened at 29,002.06 basis points closed at 28,854.98.
A total of 234.961 million shares valued at N2,292 billion were exchange by investors in 4,145.0 deals.
To lead the top-five gainers for day was STANBIC with N1.54 gain and from its opening value of N15.06, it closed at N16.6 per share. OANDO followed with N0.68 gain to close at N8.05 from the opening value of N7.37. DANGCEM which came to the market at N191 closed at N191.5 having added N0.5. GUINNESS gained N0.49 to its opening value of N99.5 to close at N99.99. ZENITHBANK closed at N15.45 from its opening value N15.12 as it recorded a gain of N0.33 per share for the day.
The major price losers of the day were led by FO which closed at 171.9 from the opening value of N180.83 as it was marked down by N8.93; BETAGLAS managed to close at N38.66 from N42.83 with which it entered the market as it suffered N4.17 per share value depreciation. WAPCO which opened the day at N67 closed at N63.65 as it was marked down by N3.35 per share. GLAXOSMITH closed at N20.78 as it lost N2.24 from its opening value of N23.02 while UNILEVER which came to the day trading at N33.23 closed at N31.8 as it was priced down by N1.43 by investors.
GUARANTY traded the highest volume of shares of 32.472 million shares at N750.333 million. FBNH traded 26.348 million shares at N100.779million. OANDO traded 25.520 million shares at N204.520 million. ACCESS recorded 23.171 million shares in N132.023 million while SKYEBANK traded 21.593 million shares in N18.786 million.
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