Equity transactions on the Nigerian Stock Exchange (NSE) dropped on Friday as the market indicators depreciated by 0.05 per cent due to sell pressure.

NAN reports that the All-Share Index declined by 13.73 points or 0.05 per cent to close at 30,011.89 against the 30,025.62 posted on Thursday.

The market capitalisation, which opened at N10.319 trillion, lost N5 billion or 0.05 per cent to close at N10.314 trillion due to price losses by some blue chips.

An analysis of the price movement chart indicated that Okomu Oil led the losers’ chart with a loss of N1.60 to close at N30.56 per share.

PZ Cussons came second with a loss of N1.10 to close at N25, while Lafarge Wapco lost N1 to close at N97.50 per share.

Cadbury dipped by 90k to close at N20, while Berger dropped 54k to close at N10.34 per share.

Conversely, GTBank topped the gainers’ chart, gaining 50k to close at N24.50 per share.

UAC-Prop garnered 40k to close at N8.57 while CCNN rose by 29k to close at N7.96 per share.

Nascon increased by 23k to close at N7.41, while FBNH improved by 12k to close at N5.93 per share.

NAN reports that the Financial Service Sector sustained its leading position as the toast of investors with 104.63 million shares worth N634.21 million traded in 1,044 deals.

The Banking sub-sector drove activities in the sector with 90.33 million shares valued at N597.79 million achieved in 1,691 deals.

In all, a total of 151.18 million shares worth N1.71 billion were traded by investors in 2,604 deals.

This was against the 284.12 million shares valued at N2.82 billion traded in 2,962 deals on Thursday.


http://www.pmnewsnigeria.com/2015/10/23/nse-market-indices-dip-further-by-0-05/