Chinyere Joel-Nwokeoma

Investors on the Nigerian Stock Exchange (NSE) on Friday traded 250.89 million shares valued atN3.01billion exchanged in 3,968 deals.

The News Agency of Nigeria (NAN) reports that the volume represented a drop of 29.69 per cent when compared to 356.81 million shares worthN4.22billion transacted in 4,384 deals on Thursday.

An analysis of the activity chart indicated that FBN Holdings was the most active with a total of 76.39 million shares valued at N473.89 million.

FCMB Group followed with an exchange of 20.39 million shares worth N21.83 million, while Diamond Bank sold 14.85 million shares valued at N15.45 million.

Fidelity Bank accounted for 13.62 million shares worth N22.58 million and Wema Bank traded 11.83 million shares valued at N5.91 million.

Also, the NSE All-Share Index dropped by 55.22 points or 0.15 per cent to close at 36,462.26 as against 36,517.58 posted on Thursday, amid price loses.

In the same vein, the market capitalisation which opened atN12.638trillion, lost N19 billion or 0.15 per cent to close atN12.619trillion.

Total recorded the highest price loss to lead the losers’ table with N12.25to close at N232.75 per share.

Nigerian Breweries trailed with a loss of N3 to close at N152 and International Breweries shedN2.58to close at N49.20 per share.

Forte Oil dippedN2.01to close at N38.29, while Unilever was down byN1.22kobo to close at N42.78 per share.

On the other hand, Nestle led the gainers’ table growing by N30 to close atN1, 230per share.

GT Bank followed with a gain of 30 kobo to close at N40 and BOC Gases improved by 19 kobo to close atN4.15per share.

UAC Property garnered 12 kobo to close atN2.70and Mansard gained 9 kobo to close atN2.02per share. (NAN)