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Profit taking: NSE market indices record first week loss of 1.27 per cent

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The Nigerian Stock Exchange (NSE)on Friday recorded first week loss with the market indicators dropping 1.27 per cent due to profit taking.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotundeon Friday recorded first week loss with the market indicators dropping 1.27 per cent due to profit taking.

Also, the All-Share Index dropped by 308.85 points or 1.27 per cent to close at 24,045.40 points from 24,354.25 on Thursday.Guaranty Trust Bank trailed with a loss of 55k to close at N21.95, while BUA Cement was down by 40k to close at N31.90 per share. On the other hand, Nigerian Breweries led the gainers’ table appreciating by N2.60 to close at N37.50 per share.

The banking stocks remained the toast of investors with FBN Holdings emerging the most ctive, trading 63.05 million shares worth N295.85 million.

 

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