STOCK MARKET CLOSES NEGATIVE WITH 1.41% LOSS

 In Investor News

Transactions on the floor of the Nigerian Stock Exchange closed last week on the negative trajectory following profit taking witnessed across major blue-chip firms. Consequently, the NSE All-Share Index and market capitalisation both depreciated by 1.41 per cent to close the week at 22,599.38 and N11.778tn respectively.

All other indices finished lower with the exception of NSE Insurance, NSE ASeM, NSE Meri growth and NSE industrial goods, which appreciated by 1.17 per cent, 3.55 per cent, 0.96 per cent and 0.71 per cent. A total turnover of 1.195 billion shares worth N13.979bn in 20,591 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.495bn shares valued at N12.894bn that exchanged hands the previous  week in 20,982 deals.

The financial services industry (measured by volume) led the activity chart with 965.571 million shares valued at N7.811bn traded in 11,710 deals; thus contributing 80.79 per cent and 55.88 per cent to the total equity turnover volume and value respectively. The Industrial Goods industry followed with 54.803 million shares worth N1.509bn in 2,043 deals. The third place was the Conglomerates industry, with a turnover of 54.114m shares worth N111.406m in 460 deals.

Trading in the top three equities namely, FBN Holdings Plc, Guaranty Trust Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 581.950m shares worth N6.363bn in 7,185 deals, contributing 48.69 per cent and 45.52 per cent to the total equity turnover volume and value respectively. Twenty-five equities appreciated in price during the week, lower than 37 equities in the previous week. 33 equities depreciated in price, higher than 21 equities in the previous week, while 105 equities remained unchanged, the same with the 105 equities recorded in the preceding week.

A total of 313,523 units valued at N3.919m were traded last week in 11 deals, compared with a total of 52,216 valued at N103.109m transacted the previous week in 15 deals. A total of 4,243 units valued at N4.471m were traded last week in five deals compared with a total of 2,495 valued at N3.013m transacted the previous week in 12 deals.

https://punchng.com/stock-market-closes-negative-with-1-41-loss/

 

 

 

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