NSE Index Depreciates By 0.30% On Depressed Trading

Weekly transactions on the Nigerian Stock Exchange? closed on depressed note on Friday after four consecutive days of impressive transactions.

The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N8.721 trillion, depreciated by N26 billion or 0.30 per cent to close at N8.695 trillion.

Similarly, the All- Share Index lost 83.46 points or 0.30 per cent to close at 27,287.84 against the 27,371.30 recorded on Thursday.

NewGold, recorded the highest price loss of N2 to close at N2,706 per unit.

Dangote Sugar followed, dropping 63k to close at N6.12 per share, while Lafarge Wapco and International Breweries lost 50k each to close at N57.50 and 13.19 per share, respectively.

Union Bank also lost 49k to close at N8.01 per share.

On the other hand, Guinness led the price gainers chart with a gain of N1.60 to close at N281.60 per share

Nigerian Breweries grew by N1 to close at N142 per share, while GlaxoSmithKline appreciated by 95k to close at N39 per share.

Cement Company of Northern Nigeria rose by 31k to close at N6.55 per share, while Academy Press gained 28k to close at N3.10 per share.

In all, a total of 516.17 million shares worth N3.9 billion were traded in 6,179 deals on Friday against the 552.43 million shares valued at N4.9 billion traded in 5,374 deals on Thursday.

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