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Prices of highly capitalised stocks dip on NSE

by Business News Report

Activities on the Nigerian Stock Exchange closed, on Friday, on a bearish note as stocks of some highly capitalised companies recorded price losses. NewGold led the price losers’ chart as it dropped N40 to close at N2,518 per unit. Nigerian Breweries share price dipped by N9.73 to close at N144.30 per share, while Total lost N6.34 to close at N120.57 per share. 7UP depreciated by N2 to close at N42 per share, while ConOil fell by N1.02 to close at N20.50 per share.
On the other hand, Nestle led the gainers’ chart with a gain of N10.06 to close at N700.06 per share. Guinness followed with a gain of N5.89 to close at N261 per share. GTBank share price grew by 86k to close at N23.35 per share, International Breweries appreciated by 67k to close at N15.90, while NASCON rose by 64k to close at N7.14 per share. Besides, the All-share index at the end of trading depreciated by 106.04 basis points or 0.39 per cent to close at 27,402.05 points. This was against the 27,508.09 points recorded on Thursday.
The market capitalisation of all listed securities dropped by N34 billion to close at N8.755 trillion when compared with N8.789 trillion transacted on Thursday. In all, investors bought 217.86 million shares worth N2.4 billion traded in 3,711 deals. This is against the 3,711 million shares worth N2.8 billion traded in 3,728 deals on Thursday.

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