Tuesday, April 13, 2021

Investors lose N240bn as stocks extend losing streak

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In the first trading week of March Investors in the Nigerian stock market lost N240bn.

The Nigerian Stock Exchange All-Share Index and the market capitalisation dropped by 1.18 per cent to close last week at 39,331.61 and N20.58tn respectively.

Other indices finished lower apart from NSE Industrial Goods and NSE Sovereign Bond Indices which rose by 1.39 per cent and 0.07 per cent while the NSE ASeM Index closed flat.

A total turnover of 2.09 billion shares worth N29.74bn in 24,238 deals were traded last week by investors on the floor of the Exchange, up from 1.93 billion shares valued at N20.66bn that exchanged hands in 24,687 deals in the previous week.