NSE market capitalisation records N3bn loss

Trading activities on the Nigerian Stock Exchange  (NSE) closed for the week on Friday on a negative trend, with the market capitalisation dropping by N3 billion, due to profit taking.
The market capitalisation  shed N3 billion or 0.03 per cent to close lower at N8.908 trillion, compared with the N8.911 trillion recorded on Thursday.
Similarly, the All-Share Index which opened at 25,755.18 dropped marginally by 8.66 points or 0.03 per cent to close at 25,746.52.
International Breweries led the gainers’ table gaining 79k, to close at N16.68 per share.
Dangote Flour gained 40k to close at N4.56 and ETI also improved by 40k, to close at N8.45 per share.
Nigerian Breweries added 37k to close at N125, while Air Service appreciated by 19k to close N4.09 per share.
Conversely, Lafarge Africa recorded the highest price loss to lead the losers’ chart, dropping by N2.50 to close at N47.50 per share.
Total trailed with a loss of 65k to close at N259.35 and Guinness dipped 45k to close at N60.05 per share.
Oando Oil lost 30k to close at N5.90 and Access Bank dropped 6k to close at N6.22 per share.
However, Fidelity Bank emerged the most-traded stock, accounting for 26.03 million shares valued at N21.15 million.
FCMB Group transacted 13.26 million shares worth N15.37 million and Diamond Bank sold 7.93 million shares valued at N6. 69 million.
Dangote Flour transacted 7.19 million shares worth N32.34 million and UBA achieved a turnover of 6.58 million shares valued at N34.64 million.
Investors staked N907. 73 million on 107.94 million shares traded in 2,405 deals, against the 241.62 million shares worth N1.49 billion transacted in 3,339 deals on Thursday.