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In One Week, Stock Investors Lose N571 Billion

In One Week, Stock Investors Lose N571 Billion

In One Week, Stock Investors Lose N571 Billion

At the close of last week’s trading on the floor of the Nigerian Exchange Limited, investors had lost N571bn.

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The market value of stocks listed on the NGX decreased by 2.09 percent last week to close at 49,664.07 and N26.787 trillion, respectively.

The NGX Insurance, NGX Consumer Goods, and NGX Growth Indices saw gains of 6.0%, 3.0%, and 1.56%, respectively, while the NGX ASeM index ended flat. All other indices finished worse.

In One Week, Stock Investors Lose N571 Billion

33 stocks had price increases throughout the week, down from 41 stocks the week before, according to the NGX.

Twenty- six equities depreciated at a price higher than 22 in the previous week, while 97 equities remained unchanged higher than 93 equities recorded in the previous week.

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The NGX weekly market report showed a total turnover of 1.511 billion shares worth N13.547bn in 20,074 deals traded last week by investors on the floor of the Exchange, in contrast to a total of 705.636 million shares valued at N12.850bn that exchanged hands in the previous week in 22,124 deals.

The Financial Services Industry (measured by volume) led the activity chart with 680.202 million shares valued at N4.672bn traded in 9,230 deals; thus contributing 45.02 percent and 34.48 percent to the total equity turnover volume and value respectively.

In One Week, Stock Investors Lose N571 Billion

The Services Industry followed with 499.178 million shares worth N3.407bn in 866 deals. The third place was the ICT Industry, with a turnover of 113.804 million shares worth N2.246bn in 2,083 deals.

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Trading in the top three equities namely Capital Hotel Plc, FBN Holdings Plc, and Jaiz Bank Plc (measured by volume) accounted for 763.836 million shares worth N5.130bn in 1,025 deals, contributing 50.55 percent and 37.87 percent to the total equity turnover volume and value respectively.


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