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.”
Rights
Two Anambra sisters arraigned for child labour
The sisters, however, pleaded not guilty to the three-count charge bordering on conspiracy and illegal dealing in children.
States
Troops apprehend terrorists’ informants, logistics suppliers in Borno
Troops have apprehended suspected terrorist informants and logistics suppliers, received the surrender of an ISWAP member and destroyed IEDs in the last 24 hours across Borno.
Sport
Argentina risk FIFA sanction for displaying Falklands banner after England win
FIFA does not have fixed sanctions for every political message. Instead, each case is accessed individually by the FIFA Disciplinary Committee.
Politics
APC chieftain urges members to unite for candidates’ victory
Akanni Seriki, a member of the Governor’s Advisory Council, has urged APC members to work to ensure the victory of all the party’s candidates across the country in 2027.
Showbiz
I splurge $300,000 monthly on personal lifestyle: Davido
“I spend $200K-$300K monthly, minus my wife, family, buying cars and jewellery,” said Davido.
Abuja
Army says alleged illegal mining kingpin, three others arrested in Abuja
According to the military, the principal suspect confessed during preliminary interrogation to sponsoring an illegal mining operation.
