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Stocks turnover drop by 25.06% on bearish trading

By on February 16, 2013

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 25.06% with 529.53 million shares worth N4.61 billion traded in 6,554 deals.

This was against a total of 706.48 million shares valued at N3.94 billion exchanged in 7,564 deals on Thursday.

All-Shares Index, for the fourth consecutive day, remains downward, dropping by 0.25% to close at 33,258.45 against 33,342.02 posted on Thursday.

Also, the market capitalisation lost N25 billion to close at N10.642 trillion from the N10.667 trillion posted on Thursday due to price losses by some blue chip stocks.

NewGold led the losers’ chart, dropping N31 to close at N2, 489 per unit.

Dangote Cement followed with a loss of N2 to close at N145, while Lafarge Wapco lost N1.50 to close at N69 per share.

Cadbury dropped N1.29 to close at N37.28 while Total lost N1 to close at N137.01 per share.

Conversely, Nestle topped the gainers’ chart, increasing by N5.08 to close at N835.23 per share.

Glaxo Smithkline trailed with a gain of N2.62 to close at N55.09, while Unilever gained N2.50 to close at N49.50 per share.

Nigerian Breweries appreciated by N1.99 to close at N163.99, while NCR gained 79k to close at N16.75 per share.