HomeBusinessNGX loses N1.8tn as stock market declines by 1.21% in one week

NGX loses N1.8tn as stock market declines by 1.21% in one week

By Taiye Olayemi

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation depreciated by 1.21 per cent to close the week at 229,240.34 and N147.103 trillion respectively.

The market lost N1.802 trillion, as the All-Share Index declined from 232,049.02 when compared with the previous session’s market capitalisation of N148.905 trillion.

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Similarly, all other indices finished lower with the exception of NGX Main Board which appreciated by 2.27 per cent.

Meanwhile, a total turnover of 3.821 billion shares worth N154.393 billion in 258,567 deals was traded this week by investors on the floor of the Exchange.

This is in contrast with a total of 2.324 billion shares valued at N134.486 billion that exchanged hands last week in 249,328 deals.

The Financial Services Industry led the activity chart with 2.330 billion shares valued at N54.606 billion traded in 108,978 deals.

This contributed 60.99 per cent and
35.37 per cent to the

This post was originally published on this site.

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