The market capitalization of the Nigerian Exchange Ltd. (NGX) again dropped by N89 billion or 0.33 per cent to close at N26.444 trillion on Friday compared with N26.533 trillion on Thursday.
Similarly, the All-Share Index (ASI) dropped by 163. 72 points or 0.33 per cent to close at 49,026.62 from 49,190.34 recorded on Thursday.
Also read: Stock Market Drops N124bn as Naira diddles, exchanges N436.50 to dollar
The weak performance was as a result of continuous sell-offs in some large and medium stocks.
Market breadth closed negative as 22 stocks declined while 11 advanced.
Vitafoam led the gainers with 6.90 per cent to close N22.45 per share.
This was followed by RT Briscoe with 6.06 per cent to close at 35k, while Access Holding gained by 6.02 per cent to close at N8.80 per share.
Also, Conerstone Insurance appreciated by 3.70 per cent to close at 56k and Fidelity Bank rose by three per cent to close at N3.78 per share.
On the other hand, CWG suffered a decline of 10 per cent to close at 81k per share.
Berger Paint followed with 9.85 per cent to close at N5.95 per share.
Eterna fell by 9.45 per cent to close at N5.75, while Sunu Assurance declined by 8.57 per cent to close 32k per share.
Also, Chams declined by 6.9 per cent to close at N27 per shares.
Courteville Business Solutions recorded the highest volume of 27.68 million shares sold at N12.49 million.
NGX Group followed with N24.54 million shares traded at N417.39 million.
Zenith Bank transacted 20.83 million shares worth N416.75 million, while Transcorp sold 11.15 million shares valued at N11.59 million.
Jaiz Bank sold 10.85 million shares worth N8.66 million.
A total of 169.18 million shares valued at N3.19 billion were exchanged in 3,206 deals.
In another development, the Naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33.
The rate represented a 0.04 per cent appreciation compared to the N436.50 for which the dollar was exchanged on Thursday.
The open indicative rate closed at N434.83 o the dollar on Thursday.
An exchange rate of N438 to the dollar was the highest rate recorded within the day’s trading before it settled at N436.33.
The Naira sold for as low as N425 to the dollar within the day’s trading.
A total of 106.11 million dollars was traded at the official Investors and Exporters window on Friday.
