Stock Market Watch: ASI down by 0.4% on Friday

The last trading day of the week at the Nigerian Stock Market ended on a negative note as the All Share Index, ASI, dipped by 149.71 points or 0.4 percent to close at 37,461.94 basis points lower than Thursday’s closing figure of 37,611.65 basis points.

The market capitalization of equities on the main board equally lost N48 billion or 0.4 percent to close at N11.969 trillion as against Thursday’s N12.017 trillion closing figure.

UBA led the top five trades by volume chart with 40 million shares worth N311.83 million while Transcorp was in second position with 31.59 million shares valued at N57.93 million.

GTB was third with 22.49 million volume of shares worth N568.28 million.

Unity Bank followed with 13.68 million shares worth N7.18 million while FBNH was last on the chart with 10.07 million shares worth N165.88 million.

The top five gainers chart on Friday was led by CAP Plc with a gain of N2.12k in its share price to close at N48.99k per share.

It was followed by Okomu oil which gained N1.99k in its share price to close at N45.99k per share.

Nestle was in third position with an increase of N0.94k to its share price to close at N1,051.00 per share.

Flour mill came fourth with an addition of N0.75k to its share price to close at N84.75k per share while UAC Property was last on the chart with a gain of N0.71k to close at N18.96k per share.

However, Mobil topped the losers chart with a loss of N3.95k in its share price to close at N116.05k per share.

Nigerian Breweries was second losing N3.50k in its share price to close at N170.00 per share while Guinness in third position shed N3.00 in its share price to close at N238.00 per share.

Forte Oil was fourth losing N1.57k in its share price to close at N72.98k per share while Ashaka Cement was last on the chart with a loss of N0.87k in its share price to close at N21.17k per share.

At the close of transactions on Friday, 228.99 million shares worth N2.75 billion was exchanged by investors in 4,630 deals.

This was in contrast to the 329.24 million shares valued at N2.93 billion that was traded by investors in 5,044 deals Thursday.