Transactions on the floor of the Nigerian Stock Exchange, NSE, closed the already bearish week on a negative note on Friday, February 9.
As such, the All-Share Index, ASI, depreciated by 0.46 percent or 198.97 points to end 43,127.92 points, after closing at 43,326.89 points on Thursday. To this end, the year-to-date return stood at 12.77 percent,
Similarly, the market capitalization dropped by N71.4 billion to settle at N15.477 trillion, after closing at N15.548 trillion on Thursday.
Market Breadth finished negative with 22 price gainers paired against 31 price losers. Nestle led the laggards’ chart after dropping N12.80k to close for the day at N1,360 per share.
It was followed by Zenith Bank, which slumped by N1.10k to finish at N30.90k per share, and GTBank, which fell by N1 to close at N48 per share.
CCNN shed 85k to end at N18.15k per share, while Cadbury Nigeria depreciated by 70k to finish at N14.80k per share.
Conversely, Unilever led the day’s gainers after growing by N1.85k to its share value to settle at N49.45k per share.
Dangote Cement followed after rising by N1.70k to finish at N266.70k per share, and Julius Berger, which appreciated by N1.25k to end at N27.30k per share.
Stanbic IBTC added 95k to close at N46 per share, while GlaxoSmithKline also grew by 95k to settle at N20.20k per share.
A total of 552.4 million shares worth N4.5 billion were traded by investors in 5,489 deals today compared with the 2.2 billion shares transacted yesterday in 5,468 deals valued at N7.5 billion.
Skye Bank was the toast of investors at the market, selling a total of 149.6 million units worth N156 million. It was followed by FBN Holdings, which sold 51.9 million shares for N631.2 million, and Diamond Bank, which transacted 37.6 million equities for N107.5 million.
FCMB exchanged 36.9 million shares worth N101.9 million, while Prestige Assurance traded 35 million equities valued at N19.6 million.
