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NSE: Nigerian Breweries, Dangote Flour top losers’ in bearish trading




Some blue chips on Friday posted price depreciation on the Nigerian Stock Exchange (NSE) forcing the crucial market indicators to drop further by 0.27 per cent.

The News Agency of Nigeria reports that Nigerian Breweries topped the losers chart dropping by N3.15 to close at N75 per share.

Dangote Flour trailed with a loss of 90k to close at N10.45, while Guaranty Trust Bank was down by 35k to close at N37.30 per share.

Sterling Bank lost 13k to close at N2.35, while United Bank for Africa declined by 10k to close at N7.65 per share.

Consequently, the All-Share Index which opened 31,924.51 lost 85.55 points or 0.27 per cent to 31,924.51 compared with 32,010.06 achieved on Thursday.

Also, the market capitalisation shed N32 billion or 0.27 per cent to close at N11.905 trillion against N11.937 trillion posted on Thursday.

On the other hand, PZ Cussons led the gainers’ table, growing by 55k to close at N11.65 per share.

Zenith Plc followed with a gain of 35k to close at N24.95, while AfriPrudential Registrar gained 19k to close at N4.80 per share.

Oando added 10k to close at N5.70, while United capital appreciated by 7k to close at N3.07 per share.

Sovereign Trust Insurance was the most active stock trading 62.38 million shares worth N15.62 million.

Zenith Bank followed with an account of 46.69 million shares valued at N1.16 billion, while FBN Holdings traded 16.75 million shares worth N136.73 million.

Diamond Bank sold 12.65 million shares valued at N31.23 million, while United Bank for Africa exchanged 12.93 million shares worth N91.88 million.

In all, investors bought and sold 233.29 million shares valued at N2.27 billion traded in 3,110 deals.

This was against a turnover of 218.89 million shares worth N2.74 billion exchanged in 3,519 deals on Thursday.