The stock market on Friday witnessed a downturn as performance indices declined by 0.25 per cent.
Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N167 billion or 0.25 per cent to N66.351 trillion from N66.518 trillion recorded on Thursday.
Also, the All-Share Index dropped by 0.25 per cent or 265.81 points to close at 105,955.13 against 106,220.94 posted the previous day.
The market breadth closed negative with 24 losers and 22 gainers.
On the losers’ chart, Tantalizer declined by 9.85 per cent to close at N2.93, while Jaiz Bank lost by 9.72 per cent to close at N3.25 per share.
Neimeth International Pharmaceutical fell by 9.45 per cent, to close at N2.49 and Dangote Sugar declined by 7.76 per cent to close at N35.05 per share.
Also, Lasaco Assurance lost by 5.96 per cent to close at N2.68 per share.
On the gainers’ chart, Royal Exchange increased by 10 per cent, to close at 88k, while Linkage Assurance soared by 9.57 per cent to close at N1.26 per share.
Guinea Insurance gained by 9.52 per cen to close at 69k and Nigerian Enamelware increased by 9.05 per cent to close at N25.30 per share.
Similarly, Red Star Express soared by 8.41 per cent to close at N5.80 per share.
A total of 750.56 million shares worth N11.056 billion were exchanged across 10,584 transactions, compared to 341.70 million shares worth N16.655 billion exchanged across 11,233 transactions recorded earlier.
Transactions in the shares of Champion Breweries topped the activity chart with 350.37 million shares worth N1.401 billion.
Tantalizer followed with 53.070 million shares, valued at N157.14 million while Custodian Investment sold 51.11 million shares worth N1billion.
Also, Lasaco Assurance transacted 36.501 shares valued at N97.714 million and Access Corporation traded 30.703 million shares worth N722.99 million.
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