Nigerian bourse down by .05% or N17.7bn Friday

The Nigerian equity market recorded a loss of 0.05 per cent or N17.7billion at the close of trading on Friday.

The loss made the market capitalization which opened the week transaction to slide from N29.60 trillion to N29.59 trillion after trading on Friday, even as the All-Share Index dropped by 32.6 basis points to close at 54,327.3, down from 54,359.9 achieved by the bourse on Thursday.

Investors traded 175.66 million shares valued at N5.32 billion in 3,563 deals on Friday.

This fell short of the 255.37 million shares worth N3.14 billion, which exchanged hands in 3,339 deals the previous day.

Tripple Gee led the gainers’ list with a N0.12kobo rise in share price moving from N1.25kobo to N1.37kobo per share.

Conoil gained N2.90kobo to move from N29.15kobo to N32.05 per share.

Geregu‘s share value was up by N9.70kobo to end trading at N209.70kobo from N200 per share.

NPF Microfinance Bank’s shares traded upward by 1.12 percent to rise from N1.78kobo to N1.80kobo per share.

Caverton gained 1.04 per cent to close at N0.97kobo, above its opening price of N0.96kobo per share.

International Energy Insurance topped the losers’ table after shedding N0.13kobo to drop from N1.37kobo to N1.24kobo per share.

Sovereign Insurance’s share price dropped by 9.09 percent to end trading at N0.30kobo from N0.33kobo per share.

TIP lost 8.33 percent to end trading with N0.44kobo from N0.48kobo per share while Consolidated Hallmark Insurance’s share dropped from N0.68kobo to N0.63kobo per share after losing 7.35 percent during trading.

FBN Holding led the day’s trading with 30.22 million shares valued at N357.15 million, while Nigerian Breweries traded 28.13 million shares worth N1.12 billion and GTCO sold 12.12 million shares worth N305.27 million.