NSE Index Sheds 1.36% As Bear Mood Strikes At Last Trading Session

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed in the Reds on Friday, June 24, as the All Share Index fell by 1.36% to close at 30,649.66 basis points, compared with the 3.31% appreciation recorded previously at 31,071.25 basis points.

Similarly, market capitalization fell by N144.8 billion to close at N10.526 trillion compared to previous closing figure of N10.671 trillion.

Market breadth closed negative as GlaxoSmithkline led 22 gainers against 30 losers topped by FCMB at the end of Friday’s session when compared with previous outlook of 37 gainers to 12 losers.

FCMB Plc led the losers, as it’s stocks depreciated by 5.08 percent or 9 kobo to close at N1.68 followed by Eterna Oil Plc which lost 4.97 percent or 15 kobo to close at N2.87 per share while FBN Holdings Plc dropped 4.83 percent or 21 kobo to close at N4.14 per share.

Africa Prudential Plc depreciated by 4.62 percent or 15 kobo to close at N3.10 per share and Fideliity Bank fell by 4.32 percent or 6 kobo to close at N1.33 per share.

On the other hand, GlaxoSmithkline Nigeria Plc led the gainers for the fourth consecutive day, with an increase of 10.21 percent or N2.05 to close at N22.12, followed by Fidson Health Care Pharmaceuticals which added 9.90 percent or 20 kobo to close at N2.22 per share while Transnationwide Express Plc gained 7.63 percent or 10 kobo to close at N1.41 per share. NPF Microfinance Bank Plc appreciated by 5.98 percent or 7 kobo to close at N1.24 per share and Conoil Plc increased by 4.96 percent or N1.04 to close at N22 per share.

At the end of the day’s trading session, 444.5 million shares worth N3.7 billion were exchanged on the Nigerian bourse in 5,565 deals.