NSE: Market indices drop by 0.31%

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Nigeria Stock Exchange

By Chinyere Joel-Nwokeoma

Activities on the nation’s bourse sustained negative trend on Friday with crucial market indicators dropping further by 0.31 per cent.

Specifically, the market capitalisation shed N42 billion or 0.31 per cent to close at N13.402 trillion compared with N13.444 trillion achieved on Thursday.

Also, the All-Share Index which opened at 30,527.01 lost 94.88 points or 0.31 per cent to close at 30,432.13, amid profit taking.

An analysis of the price movement shows that Total topped the losers’ chart, shedding N12 to close at N150 per share.

Nestle trailed with a loss of N10 to close at N1,450, while Mobil lost N5 to close at N170 per share.

PZ Cusson dipped 80k to close at N7.35, while Dangote Sugar declined by 50k to close at N11.50 per share.

On the other hand, Cutix led the gainers’ table, increasing by 10k to close at N1.60 per share.

NPF Microfinance Bank followed with a gain of 9k to close at N1.44, while United Capital Plc…



Source: News Agency of Nigeria