Firms Lose At Exchange


The transactions on the floor of the Nigerian Stock Exchange (NSE) for the third week now closed on a negative note, as most companies lost in their tradings on Friday.

A total of 33 companies (including blue-chip companies) lost at the Exchange on Friday, as against only 21 companies that made gains in their tradings.

The gainers chart paraded NAHCO, NBC, Interbrew and Prestige which made 41 kobo, N1.95,30 kobo and 8 kobo per share, respectively before other gainers.

On the other hand, costain, Eternal Oil and Diamond Bank all lost 20 kobo, 23 kobo and 28 kobo per share respectively, to be the first three on the losers’ table.

A total of 330,125,579 shares, valued at N1.93 billion exchanged hands in 4,271 deals, compared to 311,074,299 shares worth N1.74 billion, traded in 4,969 deals.

The volume of traded shares rose by 6.1 per cent or 19,051,280 shares from 311,074,299 shares traded Thursday, to close at 330,125.579 shares.

Also, share value appreciated by 11.3 per cent or N196.6 million, to close at N1.93 billion, from N1.74 billion traded on Thursday.

All-Share Index (ASI) closed at 25,696.46 points, from 25,759.72 points traded on Thursday, delining by 0.25 per cent.

NSE market capitalisation slided by N20.23 billion from N8.24 trillion traded on Thursday, to close at N8.22 trillion.

On the top 10 by volume, Daar Communication traded 114,077,123 shares, worth N57.04 million, in 4 deals to drive the market volume, Zenith Bank followed with 30,848,292 shares, valued at N464.39 million, which exchanged hands in 249 deals.