NSE index drops by 0.35%

Nigerian Stock Exchange 113 September 2013 – Lagos – Activities on the Nigerian Stock Exchange, NSE, closed for the week on depressed note on Friday with the market indicators depreciating.

The All-share index depreciated by 126.38 points or 0.35 per cent to close at 36,098.06 against the 36,224.44 recorded on Thursday.

Market capitalisation of listed equities declined by N4 billion to close at N11.493 trillion from the N11.533 trillion recorded on Thursday.

Dangote Cement led the price losers’ chart, dropping N3 to close at N190 per share.

Nigerian Breweries dipped by N1.48 to close at N162 per share, while UACN lost 48k to close at N54.51 per share.

Champion depreciated by 44k to close at N15.55 per share, while IHS fell by 32k to close at N3.31 per share.

On the other hand, Nestle led the gainers’ chart with a gain of N3.26 to close at N938.26 per share.

Unilever followed with a gain of N1.25 to close at N60 per share, while Okomu Oil share price grew by 94k to close at N47.42 per share.

Jos International Breweries appreciated by 68k to close at N7.52, while Portpaint rose by 49k to close at N5.45 per share.

In all, investors exchanged 186.11 million shares worth N2.1 billion in 3,710 deals compared with N323 million shares worth N2.8 billion traded in 5,027 deals on Thursday.

Unity Bank emerged the most traded stock, accounting for 23.52 million shares worth N11.76 million.

Zenith Bank trailed with 14.32 million shares valued at N281.53 million, while Vono traded 12.91 million shares valued at 23.14 million.

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