All-Share Index closes trading for January at 28,843.53


The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.

Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close at 28,843.53 compared with 29,030.93 recorded on Thursday.

Similarly, the market capitalisation of listed equities dropped to N14.857 trillion, from N14.953 trillion on Thursday, indicating a loss of N96 billion.

An analysis of the price movement indicates that Stanbic IBTC recorded the highest loss to lead the laggards’ table, dropping by N3.25 to close at N28.25 per share.

CAP trailed with a loss of N2.50 to close at N25, while Presco was down by N2.40 to close at N49.85 per share.

Guaranty Trust Bank dropped by N1 to close at N30, while PZ…



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