Stock market investors lose N1.324tn in one week
Nigerian Exchange Group NGX
Stock market investors lose N1.324tn in one week
Nike Popoola
Stock market investors recorded one-week loss of N1.324tn at the end of trading on the floor of the Nigerian Exchange Limited on Friday.
The NGX All-Share Index and Market Capitalization depreciated by 2.33% to close the week at 98,201.49 and N55.605tn respectively.
Similarly, all other indices finished lower with the exception of NGX MERI Value which appreciated by 0.72%, while the NGX ASeM and NGX Sovereign Bond indices closed flat.
According to the NGX, twenty (20) equities appreciated in price during the week lower than thirty-seven (37) equities in the previous week.
Forty-seven (47) equities depreciated in price higher than thirty-four (34) in the previous week, while eighty-four (84) equities remained unchanged, higher than eighty (80) recorded in the previous week.
The NGX market report obtained by Dailyeconomy showed a total turnover of 3.557 billion shares worth N47.220bn in 42,871 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.827 billion shares valued at N42.366bn that exchanged hands last week in 44,277 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.011 billion shares valued at N25.783bn traded in 24,350 deals; thus contributing 56.52% and 54.60% to the total equity turnover volume and value respectively.
The Services Industry followed with 1.020 billion shares worth N3.216bn in 1,846 deals. The third place was the Agriculture Industry, with a turnover of 168.028 million shares worth N647.859m in 1,473 deals.
Trading in the top three equities namely Tourist Company of Nigeria Plc, FCMB Group Plc and Abbey Mortgage Bank Plc (measured by volume) accounted for 1.876 billion shares worth N8.511bn in 935 deals, contributing 52.73% and 18.02% to the total equity turnover volume and value respectively.
