Stock Market Loses 2.05% Last Week

• Stock Market Loses 2.05% Last Week

The Nigerian Stock Exchange closed lower last week amid low business activities.

The All-Share Index posted 2.5 percent loss week-on-week to settle at 30,432.13 points from a week earlier.

Investors King reports that the Federal Government of Nigeria declared Tuesday and Wednesday as public holidays to celebrate the holy month of Ramadan. Leaving just three days for active trading.

The market capitalisation of listed equities dipped by 2.06 percent to close the week at N13.402 trillion.

Similarly, activity level declined from a week earlier to close with a total turnover of 768.983 million shares valued at N12.546 billion that was exchanged in 11,291 transactions. Down from 1.082 billion shares worth N18.111 billion in 16,400 deals.

All other indices declined with the exception of the NSE Premium Index, NSE-AFR Bank Value Index and NSE MERI Growth Index, which gained 1.07 percent, 0.02 percent and 0.05 percent, respectively.