Connect with us

Nigerian Exchange Limited

Stock Investors Lose N303 Billion Last Week

Published

on

stock market - Investors King

Stock Investors Lose N303 Billion Last Week

Investors in the Nigerian Stock Exchange (NSE) loses N303 billion last week as the bourse continues its bearish run.

The market capitalisation of listed stocks declined by 3.03 percent or N303 billion from N21.819 trillion recorded in the previous week to N21.156 trillion last week.

NSE All-Share Index depreciated by the same 3.04 percent or 1,269.24 index points from 41,709.09 index points posted in the previous week to 40,439.85 index points last week.

The year to date return moderated to 0.4 percent while the Exchange has lost 4.65 percent of its value in February alone.

Investors traded 2.683 billion shares worth N23.662 billion in 27,844 transactions during the week, against a total of 2.767 billion shares estimated at N29.685 billion and exchanged in 31,380 deals in the previous week.

In terms of the volume traded, the Financial Services Industry led the activity chart with 2.032 billion shares valued at N13.416 billion exchanged in 14,832 deals. Therefore, contributing 75.74 percent and 56.70 percent to the total equity turnover volume and value, respectively.

This was followed by the Consumer Goods Industry with 181.766 million shares worth N3.601 billion in 4,676 deals.

Conglomerates Industry came third with a turnover of 175.085 million shares worth N324.006 million in 1,168 deals.

The top three most traded equities were Living Trust Mortgage Bank Plc, First Bank Holding Plc and Zenith Bank Plc, the three accounted for a combined 1.208 billion shares worth N6.580 billion in 3,785 deals. Accounting for 45.02 percent and 27.81 percent of the total equity turnover volume and value, respectively. See the top gainers and losers below.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Comments
Advertisement
Advertisement
Advertisement