HomeBusinessInvestors count losses as NGX market value drops by N2.42tn

Investors count losses as NGX market value drops by N2.42tn

By Taiye Olayemi

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation depreciated by 1.65 per cent and 1.60 per cent to close the week at 232,049.02 and N148.905 trillion respectively.

This is in contrast with 235,941.27 and N151.327 trillion recorded in the previous week.

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Consequently, the market witnessed N2.422 decline in the week under review.

Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield and NGX MERI Value which appreciated by 2.40 per cent, 3.51 per cent, 3.28 per cent, 9.93 per cent and 0.56 per cent.

Meanwhile, a total turnover of 2.324 billion shares worth N134.486 billion in 249,328 deals was traded this week by investors on the floor of the Exchange.

This is in contrast to 3.075 billion shares valued at N254.614 billion that exchanged hands last week in 287,157 deals.

The

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