The Nigeria Stock Exchange witnessed a bearish trading session on Friday as the major market indicator, the All-share index dipped 0.55% to close at 26,279.61 index points leaving the equity market capitalization at N13.70 trillion.
The negative performance could be attributed to losses recorded in medium and large capitalized stocks such as Zenith Bank, Unilever Nigeria, Stanbic IBTC, Access Bank, Lafarge and GTBank, which made the market to shed a total of N75.39 billion as the market capitalization dipped 0.55% to close at N13.7 trillion from an initial value of N13.78 trillion.
11 (Mobil) Plc was the best performing stock in the stock market on Friday, as it gained 9.98% to close at N146.5 followed by Learn Africa Plc, which gained 9.9% to close at N1.11 from an opening value of N1.01.
Red Star Express, which opened at N2.98, recorded 9.73% gain to close at N3.27, May & Baker Nigeria Plc gained 9.69% to close at N2.15 while UAC Property rounded off with 9.68% gain to close at N1.02.
Omatek Ventures was the worst-performing stock on Friday as it dipped 9.76% from N0.41 to close at N0.37 followed by Ecobank Transnational with 9.3% loss to close at N5.85.
First Bank Holdings also declined by 6.96% to close at N05.35 as well as Wema Bank, which dipped 6.15% to close at N0.61 while Zenith Bank dipped 6% to round off the list N18.8.
Top trades by volume
Zenith Bank despite recording a dip, was the most actively traded stock on the bourse today as it traded in 85.84 million units of shares valued at N1.65 billion across 880 deals followed by GT Bank, which recorded trades in 43.95 million units of shares at N1.08 billion across 581 transactions.
UBA recorded trades in 34.92 million units of shares at N242.74 million across 364 deals, Access Bank also traded in 24.66 million units of shares at N214.61 million in 195 deals while Fidelity Bank capped the list with trades in 22.79 million units of shares at N45.35 million across 105 deals.