Last week, investors lost N571 billion at the end of trading on the floor of the Nigerian Exchange Limited.
The NGX All-Share Index and market capitalization of shares listed on the NGX fell 2.09 percent to close at 49,664.07 and N26.787tn, respectively Last week.
All other indexes finished lower, with the exception of the NGX Insurance, NGX Consumer Goods, and NGX Growth Indices, which rose by 6%, 3%, and 1.56 percent, respectively, while the NGX ASeM index remained unchanged.
According to the NGX, 33 stocks increased in value over the week, compared to 41 stocks the previous week.
Twenty-six equities depreciated in price, up from 22 the previous week, while 97 equities remained steady, up from 93 the previous week.
According to the NGX weekly market report, investors on the Exchange transacted 1.511 billion shares worth N13.547 billion in 20,074 transactions last week, compared to 705.636 million shares worth N12.850 billion in 22,124 transactions the previous week.
The Financial Services Industry (measured by volume) led the activity chart, with 680.202 million shares worth N4.672 billion exchanged in 9,230 transactions, accounting for 45.02 percent of total stock turnover volume and 34.48 percent of total equity turnover value.
The Services Industry came in second with 499.178 million shares worth N3.407 billion in 866 transactions. The ICT Industry came in third, with a turnover of 113.804 million shares worth N2.246 billion in 2,083 transactions. The top three equities, Capital Hotel Plc, FBN Holdings Plc, and Jaiz Bank Plc, accounted for 763.836 million shares worth N5.130 billion in 1,025 transactions, accounting for 50.55 percent and 37.87 percent of total equity turnover volume and value, respectively.
Punch
