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Nigeria: NSE market capitalisation drops N59bn

Activities on the Nigerian Stock Exchange ( NSE) closed on a negative note on Friday with the market capitalisation shedding N59 billion .
The News Agency of Nigeria ( NAN ) reports that the market capitalisation lost N 59 billion or 0 . 39 percent to close at N14 . 981 trillion against N15 . 040 trillion on Thursday .
Also , the All – Share Index dipped 161 . 69 points or 0 . 39 percent to close at 41 , 472 . 10 compared with 41 , 633 . 79 achieved on Thursday .
Nestle topped the losers’ chart , dropping by N 13 . 30 to close at N 1 , 317 per share .
It was followed by Dangote Cement trailed with a loss of N9 . 90 to close at N255 , while Presco was down by N3 . 30 to close at N68 . 70 per share .
Nigeria Breweries depreciated by N1 . 40 to close at N126 . 30 , while PZ Industries fell by N 0 . 95 kobo to close at N22 . 05
On the other hand, Lafarge Africa led the gainers ’ table growing by N 2 . 50 to close at N50 per share .
GT Bank followed with a gain of N1 . 95 to close at N46 . 90 , while Zenith International Bank increased by N1 . 40 to N 30 . 20 per share .
Cadbury advanced by N1 . 30 kobo to N14 . 55 , while GlaxosmithKline added N1 . 20 to close at N25 . 50 per share .
AIICO Insurance led the activity chart during the day , trading 139 . 34 million shares worth N94 . 83 million .
Access Bank’ s 39 . 06 million shares cost N105 . 39 million , while FBN Holdings transacted 36 . 97 million shares valued at N452 . 26 million .
NAN reports that GT Bank accounted for 34 . 31 million shares valued at N1 . 58 billion .
Overall , the volume of shares traded appreciated by 3 . 28 percent with a total of 560 . 12 million shares worth N6 . 76 billion in 4 , 605 deals .
This was against 542 . 35 million shares worth N7 . 35 billion achieved in 5 , 039 deals on Thursday .

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