NSE trades 307.79 million shares on Friday, drops 28% in volume
The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals.
This was in contrast with 426.27 million shares worth N4.75 billion traded in 4,972 deals on Thursday, a decrease of 27.79 percent.
An analysis of the activity chart indicates that FBN Holdings was the toast of 85.58 million shares valued at N624.73 million.
United Capital followed with an account of 52.32 million shares worth N341.82 million, while United Bank for Africa sold 23.35 million shares valued at N192.95 million.
Zenith Bank accounted for 17.58 million shares worth N431.96 million, Guaranty Trust Bank traded 11.45 million shares valued at N348.56 million.
Also, the market capitalisation of listed equities declined by N11 billion to N21.025 trillion from N21.036 trillion reported on Thursday.
Similarly, the NSE All-Share Index lost 25.49 basis points or 0.06 percent to 40,186.70 from 40212.19 achieved on Thursday.
Stanbic IBTC led the laggards’ chart in percentage terms with a loss of 10 percent to close at N38.70 per share.
May & Baker trailed with 9.89 percent to close at N4.19, while Multiverse dipped 8.33 percent to close at 22k.
Neimeth dropped 7.80 percent to close at N2.01, while Royal Exchange lost 7.41 percent to close at 25k per share.
On the other hand, Livestock dominated the gainers’ table in percentage terms, increasing by 9.27 percent to close at N2.24 per share.
Portland Paint followed with 8.70 percent to close at N3.25, while FTN Cocoa increased by 8.16 percent to close at 53k.
United Capital appreciated by 6.19 per cent to close at N6.35, while Africa Prudential improved by 5.80 percent to close at N7.30 per share.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Oyo Terrorists: Senate honours slain soldiers, teachers with N50 million donation
Senate president Godwill Akpabio, who gave the approval during the plenary on Wednesday, stated that each of the five bereaved families would receive N10 million.
Anti-Corruption
Ghanaian socialite fraudster Abu Trica faces 20 years in U.S. prison
Abu Trica has been charged with conspiracy to commit wire fraud and money laundering conspiracy.
Health
NANNM-FHI issues 15-Day ultimatum to FG over Kaduna Hospital crisis
The nurses gave an ultimatum that, if an alleged victimisation of its members at the Federal Neuropsychiatric Hospital, Barnawa, Kaduna, was not addressed by July 29.
Education
U.S. reaches $4 million civil settlement, compliance agreement with WVUHS
The West Virginia United Health System, doing business as West Virginia University Health System, has agreed to pay $4,177,139 and entered a memorandum of agreement to resolve civil allegations of Controlled
Africa
Air Peace ends evacuation of Nigerians fleeing South Africans’ xenophobic attacks
Air Peace has concluded the federal government’s humanitarian evacuation from South Africa, returning the final batch of 308 Nigerians aboard its Boeing 777-200 aircraft.
NationWide
NBC scraps annual digital TV access fee
The National Broadcasting Commission says Nigerians will no longer pay annual Digital Access Fees under the renewed Digital Switch Over project.
