NSE Trading maintains bearish trend, index down 0.68% – Business

Operations with shares on the Nigerian Stock Exchange (NSE) ended on Friday with a negative entry, while market indices fell another 0.68 percent.

The Nigeria News Agency (NAN) reports that market capitalization lost 87 million dollars, or 0.68 percent, to close at 12.722 trillion from N12.809 trillion, published on Thursday.

In addition, the All-Share Index, which opened at 35,086.67, lost 238.22 points or 0.68 percent, to close at 34,848.45 amid lower prices.

Analysis of the price movement showed that Total Oil topped the table of price failures with a loss of N2.3, to close at N189.7 per share.

Nigerian breweries with a loss of N2.1 closed at N97.9, while GTBank dropped to N2, closing on N36.

Glaxosmith declined by 9k, closing at N13.1 per share, while Zenith Bank also lost 65,000, closing at N21 per share.

Conversely, Okomu Oil topped the price growth table, receiving N35.75, to close at N76.95 per share.

FlourMill took the second place with a gain of N1.3, closing on N24.3, and Stabic IBTC was valued at 75 thousand, closing on N48.

Air services and Eternal Oil are valued at 5K each to close at N5.5 and N6.7 per share, respectively.

However, the volume of shares traded increased by 35.24%, as 384.893 million shares worth 9.79 billion were sold in 4,070 transactions.

This was against 284.596 million shares in the amount of 3.4 billion pounds sterling, which were exchanged for 3,303 deals on Thursday.

The Diamond Bank was the most active, exchanging 102.82 million shares for N124 million.

Zenith Bank followed 47.77 million shares worth N997.18 million, and GTBank traded 36.40 million shares worth 1.34 billion dollars.

Dangote Cement is traded at 25.29 million shares worth N5.3 billion, while Stanbic IBTC traded 19.86 million shares for a total of 953.08 million dollars.

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