The market capitalization of the Nigerian Stock Exchange (NSE) on Friday shed ₦68 billion as a result of profit taking embarked by investors.
The market capitalization which opened at ₦11.244 trillion lost ₦68 billion or 0.60 percent to close at ₦11.176 trillion.
Similarly, the All-Share Index dropped 179.03 points or 0.60 per cent to close at 29,740.41, amid price loses.
Forte Oil led the gainers’ table, growing by ₦2.50 to close at N₦9.20 per share.
Dangote Flour Mills followed with a gain of ₦1.40 to close at ₦15.55, while Oando gained 45k to close at ₦5.30 per share.
Cadbury increased by 35k to close at ₦11.35, while GlaxoSmithKline appreciated by 30k to close at ₦9 per share.
Conversely, Okomu Oil topped the losers’ chart, dropping by ₦8 to close at ₦72 per share.
Union Dicon trailed with a loss of ₦1.30 to close at ₦12.15, while Dangote Cement was down by ₦1.10 to close at ₦186.90 per share.
International Breweries shed ₦1 to close at ₦20, Berger Paint also depreciated by ₦1 to close at ₦9.40 per share.
Also, the volume of shares traded closed lower with an exchange of 244.58 million shares valued at ₦1.54 billion in 3,444 deals.
This was in contrast with a turnover of 566.50 million shares worth ₦7.27 billion achieved in 4,103 deals.
A breakdown of the activity chart shows that Japaul Oil was the most active stock trading 56.56 million shares valued at ₦15.08 million.
United Bank for Africa came second with 29.99 million shares worth ₦205.55 million, while Wema Bank exchanged 25.32 million shares valued at ₦18.83 million.
Access Bank sold 18.06 million shares worth ₦122.19 million, while Transcorp traded 17.32 million shares valued at ₦19.24 million.
