HomeBUSINESSNSE: The market closed in red on Friday, as investors lost N10.89 billion naira.

NSE: The market closed in red on Friday, as investors lost N10.89 billion naira.

 

The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping ten point eight nine billion naira.

All the indicators, the equity capitalization, All-Share Index, the volume, the value and the total number of deals closed in the negative.

Equity capitalization dipped by ten point eight nine billion naira, a fall from twenty one point three six trillion naira to twenty-one point two-five trillion.

Consequently, The All Share which opened at forty thousand, two hundred and twelve point one-nine points lost twenty-five point four-nine points or zero point six percent to close at forty thousand, one hundred and eighty six point seven points.

The number of shares that exchanged hands reduced to three hundred and seven point seven eight million from four hundred and twenty-six point two –six million.

The value similarly fell to two point nine billion naira, a reduction from four point seven five billion traded on Thursday.

The loss was anchored by aa fall in the share prices of twenty company, with STANBIC IBTC BANK and MAYBAKER on top of the chart.

However, there were eighteen gainers. LIVESTOCK FEEDS led the gainers in percent, gaining nine point two –seven percent on its share price.

UNITED CAPITAL PLC was the investor’s delight, trading fifty-three point five million shares valued at three hundred and forty-one point eight million naira.

ZENITH BANK traded seventeen point five-seven million shares, valued at four hundred and thirty –one point nine-five million naira to stand behind UNITED CAPITAL PLC.

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