Brokers on the ground of Nigerian Stock Exchange in Lagos.
Equity transactions closed on a downturn on the final trading day of the week occasioned by value losses suffered by most blue-chip shares, because the All-share index slides further by of zero.27 p.c.
Precisely, on the shut of trading yesterday, the ASI shed 103.7 absolute factors, representing a decline of zero.27 per cent to shut at 38,928.02 factors.
Also, the market capitalisation declined by N37 billion to shut at N14.102 trillion.
The decline was impacted by losses recorded in medium and enormous capitalised shares, amongst that are; Seplat, Nigerian Breweries, Presco, International Breweries and Zenith Bank.
Analysts famous that following the constructive market breadth, positive aspects are prone to resurface within the equities market subsequent week as macro-economic fundamentals and comparatively low costs stay supportive.
However, market breadth closed constructive, with 28 gainers versus 17 losers. Okomu Oil recorded the very best value acquire of 10.24 per cent, to shut at N90.40 per share.
Ikeja Hotel gained 9.20 per cent to shut at N2.85, whereas Japaul Oil and Maritime Services appreciated by 5.56 per cent to shut at 38 kobo per share.
Eterna appreciated by 5 per cent to shut at N6.30, whereas Custodian and Allied Insurance gained four.98 per cent to shut at N5.27 per share.
On the opposite hand, Neimeth Pharmaceuticals and Union Diagnostics & Clinical Services led the losers’ chart by four.76 per cent every, to shut at 60 kobo and 40 kobo per share, respectively.
Law Union and Rock Insurance shed four.65 per cent to shut at 82 kobo, Nigerian Breweries declined four.35 per cent to shut at N110, whereas Africa Prudential depreciated by four.24 per cent to shut at N4.07 per share.
The complete quantity traded depreciated by 26.26 per cent to 336.62 million shares, price N5.25 billion, and traded in three,667 offers.