NSE market capitalisation down by N101bn

Market capitalisation at the Nigerian Stock Exchange (NSE) on Friday dipped further by N101 billion, amid price loses by some highly capitalised stocks.
The market capitalisation which opened at N10.165 trillion, shed N101 billion or 0.99 per cent to close at N10.064 trillion.
Also, the All-Share Index lost 292.39 points or 0.99 per cent to close at 29,305.40 compared with 29,597.79 posted on Thursday.
Nigerian Breweries recorded the highest loss to lead the losers’ table, dropping by N6.90 to close at N131.10 per share.
Guinness trailed with a loss of N4.28 to close at N104.97, while Lafarge Wapco dipped N3.51 to close at N70 per share.
Ecobank Transnational decreased by 48k to close at N15.52 and Stanbic IBTC depreciated by 45k to close at N15.75 per share.
However, Conoil led the gainers table, growing by N2.35 to close at N25.45 per share.
Union Dicon followed with a gain of 85k to close at N17.35 and Nestle gained 42k to close at N850 per share.
CAP garnered 32k to close at N35 and Unilever rose by 23k to close at N33.23 per share.
Guaranty Trust Bank maintained its leadership as the most traded stock with a total of 47.68 million shares worth N1.099 billion.
FBN Holdings came second with 25.99 million shares valued at N101.25 million, while Access Bank sold 16.13 million shares worth N92.09 million.
Transcorp exchanged 14.84 million shares valued at N26.52 million and investors staked N12.23 million on 11.96 million shares of NEM Insurance.
In all, the volume of shares traded dropped by 44.62 per cent as investors bought and sold 189.74 million shares valued at N2.23 billion achieved in 3,486 deals.
NAN reports that this was in contrast with 342.60 million shares worth N4.65 billion exchanged in 4,078 deals on Thursday.