Trading on the floor of the Nigerian Exchange Limited closed the week’s session negative, reversing Thursday’s gain.
As a result, the All-share Index moderated by 0.78 per cent to close at 37,658.26 points, following sell-offs on heavy weight stocks.
The market capitalisation also dropped to N19.63tn as investors lost N154.32bn at the close of the day’s trading.
The year-to-date loss of the ASI, however, rose to 6.48 per cent, while the market recorded 25 gainers and 10 losers at the close of trading.
Amid sell pressure, the share prices of such stocks as Dangote Cement, MTN Nigeria Communications and Flour Mills of Nigeria declined by 3.91 per cent 1.21 per cent and 0.17 per cent respectively.
Sectoral performance was positive as three out of the five indices tracked closed in the green zone.
The banking, insurance and consumer goods indices rose by 1.02 per cent, 1.51 per cent and 0.14 per cent respectively, while the oil and gas and industrial indices fell by 0.09 per cent and 1.96 per cent respectively.
Trading activity was upbeat as total deals, volume and value of stock traded rose.
The total volume of stocks rose by 21.09 per cent to 202.71 million units, valued at N2.41bn in 3,630 deals.
