Nigerian Breweries, Forte Oil, Ecobank top losers’ table as investors’ wealth depreciate further by N21billion

By citybusinessnews@yahoo.com – 

  Transactions on the floor of Nigerian Stock Exchange (NSE) continued on a downward trend on Friday.

  Specifically, the market capitalisation which opened at N12.614 trillion dropped by N21 billion to close at N12.593 trillion due to price depreciation.

  Also, the All-Share Index lost 58.34 points or 0.16 per cent to close at 36,587.31 compared with 36,645.65 on Thursday.

  At the end of the day’s trasanction, Nigerian Breweries topped the losers’ table, dropping by N1.98 to close at N160.01 per share, followed by Forte oil with a loss of N1.35 to close at N44.65 while UACN was down by 84k to close at N16.11 per share.

  Ecobank Transnational Incorporated also declined by 40k to close atN17.10, while Dangote Sugar depreciated by 39k to close at N14.02per share.

  On the flip side, International Breweries  recorded the highest gain followed by Cement Company of Northern Nigeria (CCNN)  with a growth of 49k to close at N10.17 and Cutix Plc appreciated by 23k to close at N2.60 per share.UBA added15k to close at N9, while Transcorp increased  by 9k to close at N1.47 per share.

   Meanwhile, Zenith International Bank dominated trading activities with a turnover of 24.03 million shares worth N628.571 million.

Transcorp followed with an exchange of 9.41 million shares valued at N13.61 million and FBN Holdings traded 8.29 million shares worth N49.29 million.