Equity trading drops

Transactions on the Nigerian Stock Exchange (NSE) on Friday closed for the week on a negative note with the market indicators dipping by 0.04 per cent.
The market capitalisation N4 billion or 0.04 per cent to close at N11.67 trillion against N11.68 trillion posted on Thursday.
The All-Share Index also dropped by 12.45 points to close at 34,388.12 points compared with 34,400. 57 points achieved on Thursday.
An analysis of the price movement chart indicated that National Salt recorded the highest price loss for the day, declining by 22k to close at N8.34 per share.
Vitafoam dipped by 20k to close at N6.20 per share, while Unity Bank lost 13k to close at N2.62 per share.
ETI depreciated by 6k to close at N24.49 per share and UBA lost 5k to close at N5.10 per share.
Conversely, CAP led the gainers’ table, garnering N3.69 to close at N43 per share.
UBA also gained 11k to close at N11 per share, while FBN Holdings rose by 8k to close at N9.01 per share.
C & I Leasing increased by 6k to close at 66k per share and GT Bank garnered 2k to close at N28.85 per share.
NAN also reports that the volume of shares traded closed lower with an exchange of 23.49 million shares worth N363.49 million achieved in 549 deals against 330.67 million shares valued N3.75 billion transacted in 5,238 deals on Thursday.
Zenith Bank was investors’ delight as it accounted for 4.67 million shares worth N99.67 million at the day’s transaction.
It was followed by Access Bank, which accounted for 2.54 million shares valued N15.26 million, while UBN sold 1.58 million shares worth N17.33 million.
Skye Bank traded 1.42 million shares valued N3.46 million, while investors staked N1.22 million on 1.35 million shares of Continental Reinsurance.