The Nigerian Stock Exchange (NSE) indices dropped by 1.1 per cent on Friday as a result of price losses by some blue chips.
The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI), which opened at 21,181.41, depreciated by 231.4? points to close at 20,950.01.
Also, the market capitalisation depreciated by N73 billion to close at N6.611 trillion against the N6.684 trillion recorded on Thursday.
Market analysts attributed Friday's price losses to profit-taking by investors after four days of persistent gain.
The market has been on the upward swing since Monday.
Dangote Cement recorded the highest price loss of N5.45 to close at N110.55 per share and Oando followed with a loss of N1.17 to close at N22.38 per share.
PZ Cussons dropped N1.14 to close at N25 per share, NewGold depreciated by N10 to close at N2, 613, while Zenith dipped by 34K to close at 13.56 per share.
On the other hand, Nestle led the gainers’ chart, appreciating by N21.02 to close at N441.54 per share.
Guinness gained N10.45 to close at N230 per share, while Julius Berger rose by N1.18 to close at N24.93 per share.
Nigerian Breweries appreciated by N1 to close at N98 while NCR gained 53k to close at N11.27 per share.
The volume of shares traded increased by 100.4 per cent as 596.8 million shares worth N4.7 billion changed hands in 4,015 deals against the 297.7 million shares valued at N2.8 billion traded in 3,424 deals on Thursday.
Transcorp was the toast of investors with 173.6 million shares worth N99.8 million traded in 189 deals and was followed by UBA with 125.4 million shares valued N324.7 million traded in 426 deals.