The Nigerian Exchange (NGX) Limited fell 1.31 percent on Friday as a result of profit-taking by investors eager to book profits.
According to data, the banking index fell 1.27 percent, while the industrial goods sector fell 0.05 percent.
However, the insurance sector increased by 0.48 percent, while the consumer goods sector increased by 0.13 percent, while the energy sector remained unchanged.
At the close of business, the All-Share Index (ASI) fell 715.74 points to 53,804.46 points, compared to the previous day’s 54,520.20 points, while market capitalisation fell N386 billion to N29.310 trillion, compared to N29.696 trillion on Thursday.
Yesterday, the market breadth was negative as 18 stocks lost weight while 13 equities gained value, indicating a lack of investor confidence.
Pharma-Deko was the worst-performing stock on Friday, falling by 10% to N1.89. RT Briscoe fell by 6.67% to 28 Kobo, Airtel Africa fell by 6.02 percent to N1,560.00, Fidelity Bank fell by 5.37 percent to N4.76, and FCMB fell by 3.82 percent to N4.28.
Tripple Gee, on the other hand, ended the session as the best-performing equity after increasing by 9.94% to N1.99, Coronation Insurance increased by 9.76% to 45 Kobo, Living Trust Mortgage Bank increased by 5.99% to N2.30, UPDC increased by 4.17% to N1.00, and Lasaco Assurance increased by 4.08% to N1.02.
FBN Holdings was the most active stock, trading 47.4 million units, followed by Zenith Bank (16.9 million), Access Holdings (13.6 million), Fidelity Bank (10.5 million), and Transcorp (10.5 million).
When the market closed for the day, 172.9 million shares worth N3.8 billion were traded in 3,077 transactions, up from 125.9 million shares worth N3.6 billion traded in 2,670 transactions the day before, indicating an increase in trading volume, value, and a number of transactions of 37.33 percent, 5.56 percent, and 15.24 percent, respectively.
