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Stock market watch: Indices dip 0.35% on Friday

By on September 13, 2013
Bullish Market

Bullish Market

The bearish trend continued at the Nigeria stock market on Friday with the All Share Index, ALSI, loosing 126.38 points or 0.35 percent to close at 36,098.06 points as against Thursday’s closing figure of 36,224.44 points.

Equally, the market capitalisation of the listed entities recorded a loss of N40 billion or 0.35 percent at the close of transaction on Friday to end at N11.493 trillion as against the N11.533 trillion figure of the previous day.

At the end of trading, Nestle Nig. Plc topped the gainers chart with an addition of N3.26k to its share price to close at N938.26k per share while Unilever came second with a gain of N1.25k to its share price to close at N60.00 per share and Okomu Oil in the third position with a share price gain of 0.94k to close at N47.42k per share.

The last two companies on the top five gainers chart are: Jos Breweries with a share price gain of N0.68k to close at N7.52k per share and Portland Paint which gained N0.49k on its share price to close at N5.45k per share.

Dangote Cement led in the top five losers chart with N3.00 loss in its share price to close at N190.00 per share.

It was followed by Nigerian Breweries which shed N1.48k in its share price to close at N162.00 per share and UACN which recorded a loss of N0.48k in its share price to close at N54.51k per share.

Champion Breweries which lost N0.44k in its share price to close at N15.55k per share and IHS which shed N0.32k in its share price to close at N3.31k per share are the last two companies on the top five losers chart.

The top five trades by volume chart at the end of trading on Friday was led by Unity Bank with 23.53 million shares valued at N11.76 million.

It was followed by Zenith Bank with 14.34 million shares valued at N281.54 million and Vono which accounted for 12.92 million shares valued at N23.14 million.

Fidelity Bank was fourth on the chart with 10.55 million shares that was valued at N26.95 million while Guaranty Trust Bank was fifth with 10.49 million shares valued at N261.60 million.

In all, investors exchanged 186.11 million shares valued at N2.18 billion in 3,710 deals at the close of transactions on the floor of the Nigerian Stock Exchange, NSE, on Friday.

This was in contrast to the 322.69 million shares valued at N2.87 billion that exchanged hands in 5,027 deals on Thursday.