NSE Index Sheds 0.23% as 7up Leads 21 Losers

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) closed for the week on Friday, March 24, 2017, in the red, leaving investors to part with N20.5 billion at the close of trading activities.

A total of 21 stocks led by 7up depreciated at the market today against 7 equities that appreciated led by Access Bank.

Business Post correspondent reports that the All-Share Index declined by 59.10 points or 0.23 percent to finish at 25,454.93 points, while the market capitalisation lost N20.5 billion to close at N8.807 trillion and the year-to-year return at -5.28 percent.

7up dropped N3.99k to close at N76.1k per share, while Mobil fell by 75k to end at N297.25k per share.

Forte Oil weakened by 59k to close at N45 per share, Ecobank slumped by 31k to finish at N9.18k per share and International Breweries went down by 30k to end at N15 per share.

At the other end, Access Bank gained 17k to close at N6.10k per share and Eterna Plc advanced by 8k to finish at N3.23k per share.

Transcorp, Livestock Feeds and FCMB all added 2k to respectively end at 74k, 71k and N1.25k per share.

At the close of activities on the floor of the NSE, investors exchanged a total of 346 million shares in 2,613 deals worth N2.3 billion.