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Profit taking drags NSE Index down by 53 bps

By Peter Egwuatu

Trading of shares on the Nigerian Stock Exchange, NSE Friday recorded 28 losers against 18 gainers with the All Share Index down by 52 bases points, bps amid renewed profit taking activity by investors.

Nigerian Stock Exchange
Nigerian Stock Exchange NSE

Guaranty Trust Bank, GTBank, United Bank for Africa, UBA, Okomu Oil and Flour Mill of Nigeria shares dragged down the NSE Banking and NSE Consumer Goods indices by 0.90 percent and 0.39 percent respectively. Also, market capitalisation decreased by N69 billion to close at N13.32 trillion.

The top gainers on the Exchange include  Beta Glass which garnered N7.80 or 10 percent per share to close at N85.80  per share, followed by Seplat Petroleum Development Company which surged by N6.00 per share or 0.85 percent B to close at N710 per share. Nigeria Breweries appreciated by N3.00 per share or 3 percent to close at N103 per share, followed by Red Star Express with a gain of 30 kobo per share or N5.50 percent to close at N5.75 per share while WAPCO up by 20 per share to close at N28.00 per share.

Conversely, Okomu Oil led the losers by shedding N5.00 per share to close at N76.00 per share followed by International Breweries which dropped by N2.90 per share to close at N30.50 per share.

Other gainers include Forte Oil rising by N1.10 per share to close at N23.40 per share, followed by Dangote Cement which went down by N1.00 per share to close at N229 .00 per share, and Cadbury Nigeria dipped by 95 kobo to close at N9.75 per share.


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