The share value of Nigeria Breweries, Unilever Nigeria, Unity Bank, FCMB and Cutix Plc witnessed a boost on Friday as they made the top gainers chart in the Nigerian Stock Exchange.
The major market indicators traded negatively as the All share index dropped by 0.22% to close at 26,526.35 index points and the Equity market capitalisation closed at N12.80 trillion.
Top gainers
Nigeria Breweries led the gainers’ chart as its stock value rose by 9.96% to close at N57.95 followed by Unilever Nigeria Plc with 9.49% gain to close at N20.2. Unity bank plc made the list with 7.46% gain to close at N0.72, FCMB gained 5.56% to close at N1.9 while Cutix plc rounded off the list with 3.57% gain to close at N1.45.
Top losers
On the flip side, PZ Cussons Nigeria lost the most after shedding 10% of its stock value to close at N5.4 followed by Guinness Nigeria plc and Dangote Sugar, which shed 9.97% each to close at N32.0 and N14.9 respectively. Cadbury Nigeria plc dipped 9.86% to close at N9.6 while BOC gases plc lost 9.84% to close at N5.5.
[READ MORE: Guinness, UBA, Access, two others lead top gainers on Monday]
Top trades by volume
Union Diagnostic traded 166.1 million shares valued at N33.22 million across 9 deals followed by FCMB, which traded 29.64 million shares valued at N53.99 million across 130 deals. Zenith bank Plc traded 23.85 million shares valued at N440.39 million across 401 deals.
Guaranty Trust Bank traded in 22.99 million shares at N680.03 million across 157 deals while Fidelity bank plc closed the chart with trades in 14.55 million shares valued at N31.79 million across 91 deals.
Just like with MTN, major foreign players in the Nigerian food industry like Olam Nigeria and Dufil prima should be encouraged by the NGSE to list some of their shares on the Nigerian stock exchange. These companies have gradually taken over the business of many old and floundering quoted companies which are currently struggling. The NGSE seriously needs the membership of these new giants of the Nigerian economy in order to boost its declining size.