The Nigerian Stock Exchange ended the week on a bearish note on Friday, with key performance indicators dipping by 0.07 percent. Market capitalization fell by ₦48 billion to close at ₦70.462 trillion from Thursday’s ₦70.510 trillion, while the All-Share Index slid 76.07 points to finish at 111,742.01, down from 111,818.08....READ ORIGINAL & FULL CONTENT FROM SOURCE |
The downturn was driven by broad sell-offs in heavyweight counters. Beta Glass led the losers, plunging 10 percent to close at ₦232.65, and NCR Nigeria mirrored that drop, ending at ₦6.57 per share. Conoil shares tumbled 9.99 percent to ₦298.10, Legend Internet slipped 9.94 percent to ₦6.16, and Industrial and Medical Gases shed 9.91 percent, finishing at ₦33.65.
In total, 37 stocks declined compared with 28 gainers.
On the upside, several small-cap stocks posted impressive gains. Omatek soared 9.86 percent to 78 kobo, Red Star Express added 9.62 percent to close at ₦8.32, Deap Capital Management rose 9.38 percent to ₦1.05, Sovereign Trust Insurance jumped 9.09 percent to ₦1.08, and May & Baker climbed 8.26 percent to close at ₦11.80.
Trading activity picked up significantly, with 1.90 billion shares valued at ₦64.14 billion changing hands across 18,653 deals, compared with 556.45 million shares worth ₦17.17 billion traded in 18,505 transactions on Thursday.
United Bank for Africa topped the volume chart with 1.41 billion shares (₦49.02 billion), followed by United Capital with 66.84 million shares (₦1.32 billion) and Access Corporation with 53.97 million shares (₦1.19 billion). Fidelity Bank traded 31.38 million shares valued at ₦606.09 million, while Zenith Bank saw 29.93 million shares worth ₦1.46 billion change hands.