Trading on the Nigerian Stock Exchange (NSE) on Thursday closed lower halting over 10-day upward trend with the All-Share Index dropping by 0.08 per cent due to profit taking. The index dropped marginally by 36.50 points or 0.08 per cent to close at 44,848.74 as against 44,885.24 recorded on Wednesday. Similarly, the market capitalisation which opened at N16.080 trillion lost N13 billion or 0.08 per cent to close at N16.067 trillion. Some major capitalised equity posted price loss with Nigerian Breweries leading the losers’ table, shedding N4.05 to close at N142 per share.
Presco trailed with a loss of N3.61 to close at N68.69, while Unilever was down by N2.02 to close at N45 per share. Larfarge Africa dipped N2.01 to closed at N51.99, while NASCON depreciated by N1.52 to close at N19.48 per share. On the other hand, Nestle Nigeria led the gainers’ table, increasing by N20 to close at all time-high of N1,500 per share.