NSE’s indices drop further by 0.13%

Fri, Mar 12, 2021
By editor
2 MIN READ

Business

KEY indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 percent, as turnover volume increased by 73.59 percent.

Specifically, the All-Share Index, which opened at 38,697.17 inched lower by 48.69 points or 0.13 percent to close at 38,648.48.

The market capitalization also inched lower by N25 billion to close at N20.221 trillion from N20.246 trillion achieved on Thursday.

SFS Real Estate Investment Trust topped the losers’ chart in percentage terms, dropping 9.96 percent to close at N62.40 per share.

Unity Bank trailed with a loss of 9.59 percent to close at 66k, while Africa Insurance shed 9.09 percent to close at 20k per share.

Sovereign Trust Insurance dipped by 7.69 percent to close at 24k, while Wema Bank declined by 6.15 percent to close at 61k per share.

On the other hand, Flour Mills led the gainers’ table in percentage terms, growing by 10 percent to close at N29.70 per share.

Regal Insurance followed with a gain of 10 percent to close at 33k, while NEM Insurance added 9.73 percent to close at N2.03 per share.

Northern Nigeria Flour Mills rose by 9.71 percent to close at N5.65, while Livestock Feeds increased by 9.29 percent to close at N2 per share.

An analysis of the activity chart shows that Transnational Corporation of Nigeria was the investors’ delight, exchanging 56.93 million shares valued at N45.95 million.

International Breweries followed with an account of 40.88 million shares worth N210.69 million, while Guaranty Trust Bank traded 30.97 million shares valued at N953.64 million.

FBN Holdings exchanged 14.88 million shares worth N105.30 million while Universal Insurance sold 12.83 million shares valued at N2.57 million.

In all, investors traded 293.97 million shares worth N3.77 billion exchanged in 3,760 deals.

This is against a total of 169.35 million shares valued at N2.12 billion traded in 3,568 deals on Thursday. (NAN)

– Mar. 12, 2021 @ 18:05 GMT |

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