Weekly activities on the Nigerian Stock Exchange (NSE) on Friday closed lower following investors’ huge profit taking with the market indicators dropping by 0.66 per cent.
The market capitalisation lost N81 billion to close at N12.100 trillion against N12.181 trillion posted on Thursday.
In the same vein, the NSE All-Share Index dropped 255.04 points or 0.66 per cent to close at 37,870.87 compared with the 38,121.91 points achieved on Thursday.
Nestle recorded the highest price loss, dropping N5 to close at N1, 220 per share.
Guinness lost N4.95 to close at N238.55, while Dangote Cement share price depreciated by N2.51 to close at N185 per share.
Nigerian Breweries lost N2.40 to close at N185, while Unilever dropped N1 to close at N59 per share.
On the other hand, Forte Oil led the gainers’ table with N9.74 to close at N104.90 per share.
Cadbury garnered 81k to close at N59.81per share, while Mobil gained 50k to close at N115.50 per share.
NAHCO appreciated by 28k to close N6.28 per share, while Cement Company of Northern Nigeria grew by 24k to close at N9.80 per share.
In the same vein, the volume of shares traded fell by 44.65 per cent with a turnover of 282.87 million shares valued at N6.19 billion exchanged in 4,498 deals.
Investors on Thursday traded 511.20 million shares worth N5.65 billion in 5,127 deals.
Transcorp emerged the most traded stock, accounting for 96.61million shares worth N221.38 million.
Zenith Bank came second on the activity chart with 26.44 million shares valued at N563.46 million, while Dangote Cement traded 20.19 million shares worth N3.74 billion.
GTBank accounted for 17.98 million shares valued at N467.73 million, while investors staked N7.69 million on 14.83 million shares of Unity Bank