Activity on the Nigerian stock market on Friday was flat as the capitalisation declined by 116 million amid sell-offs in Access Corporation, MTN Nigeria and nine others.
The All-Share Index (ASI) declined by 0.22 points, representing a decrease of 0.0004 per cent, to close at 54,915.39 compared to 54,915.61 recorded on Thursday.
Similarly, the overall market capitalisation value lost N116 or 0.0004 per cent to close at N29.915 trillion, same figure closed on Thursday..
The market negative performance was driven by sell-offs in large and medium capitalised stocks which include Access Bank, Sterling Bank, Guaranty Trust Holding Company (GTCO), Geregu Power, MTN Nigeria and BUA Foods, amongst other.
The market breadth was positive as 11stocks lost relative to 17 gainers.
United Capital recorded the highest price gain of 9.91 per cent to close at N12.20, per share.
Prestige followed with a gain of 9.76 per cent to close at 45k and Royal Exchange up by 7.46 per cent to close at 72k per share.
Livestock rose by 6.86 per cent to close at N1.09, while RTBriscoe gained 4.17 per cent to close at 25k, per share
On the other hand, Multiverse Mining and Exploration led the losers’ chart by 9.92 per cent to close at N3.45, while Veritask Kapital followed with a decline of 4.76 per cent to close at N20k, per share.
Chams declined four per cent to close at N24k, while Acess Corporation shed 2.33 per cent each to close at N8.40.
Also, Sterling Bank dropped by 1.95 to N1.5, per share.
Meanwhile, the total volume traded increased by 14 per cent to 256.97 million units, valued at N1.57 billion, and exchanged in 2,952 deals.
Shares of Capital Hotel topped the activity chart with 36.43 million shares valued at N91.08 million.
United Bank for Africa (UBA) followed with 17.91 million shares worth N145.28 million, while Access Corporation traded 14.66 million shares valued at N125.87 million.
Fidelity Bank traded 10.26 million shares valued at N52.62 million, while AIICO transacted 10.13 million shares worth N5.79 million.
