By Dipo Olowookere
Transactions on the ground of the Nigerian Trade (NGX) Restricted closed bearish on Friday, shedding 0.15 per cent on the again of profit-taking in banking shares and others.
The banking area misplaced 0.63 per cent, the insurance coverage counter declined by 0.48 per cent, whereas the oil/gasoline sector depleted by 0.23 per cent, with the patron items index rising by 0.07 per cent and the economic items sector closing flat.
On the shut of enterprise, the All-Share Index (ASI) depreciated by 70.55 factors to 47,282.67 factors from 47,353.22 factors, whereas the market capitalisation went down by N38 billion to N25.483 trillion from N25.521 trillion.
As for the extent of transactions, it was combined yesterday as traders traded 600.0 million shares value N3.8 billion in 4,289 offers in contrast with the 239.7 million shares value N3.9 billion traded in 3,848 offers on Thursday, implying a rise within the buying and selling quantity by 150.07 per cent, a lower within the buying and selling worth by 1.56 per cent and an uptick within the variety of offers by 11.46 offers.
When actions had been closed for the session, eTranzact completed as essentially the most traded inventory with 331.1 million models valued at N880.8 million.
Constancy Financial institution exchanged 47.8 million models value N143.1 million, FBN Holdings transacted 36.8 million models value N435.5 million, Entry Financial institution bought 29.5 million models valued at N289.4 million, whereas UBA transacted 28.2 million models valued at N241.9 million.
The worst-performing inventory on Friday was MRS Oil because it misplaced 9.96 per cent to shut at N12.20, Ikeja Resort fell by 9.87 per cent to commerce at N1.37, Coronation Insurance coverage declined by 9.43 per cent to 48 kobo, Mutual Advantages Assurance depreciated by 7.41 per cent to 25 kobo, whereas Entry Financial institution shed 5.77 per cent to N9.80.
On the flip facet, PZ Cussons completed the session because the best-performing inventory with a progress of 9.55 per cent to N8.60, CWG appreciated by 8.08 per cent to N1.07, Royal Trade grew by 7.14 per cent to N1.20, Niger Insurance coverage rose by 5.00 per cent to 21 kobo, whereas AIICO Insurance coverage appreciated by 4.35 per cent to 72 kobo.
Business Post studies that the market breadth was detrimental yesterday because the investor sentiment was strongly weaker with 20 depreciating equities and 13 appreciating shares.
