Stock Investors Lose N767bn In One Week

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Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market was open for four trading days last week as the Federal Government declared Monday as a public holiday. This was to commemorate the 2022 Democracy Day celebration.

The Nigeria Exchange Group (NGX) All-Share Index and market capitalization of equities got listed on the NGX. This depreciated by 2.68% to close the week at 51,778.08 and N27.914tn respectively. Similarly, all other indices finished lower except the NGX Growth index which appreciated at 2.79%, while, the NGX Asem index closed flat.

According to the NGX, 13 equities appreciated in price during the week, lower than 29 equities in the previous week. Fifty-one equities depreciated in a price higher than 36 equities in the previous week, while 92 equities remained unchanged higher than 91 equities recorded in the previous week.

The Conglomerates Industry followed with 89.872 million shares worth N246.063m in 764 deals. The third place was the Consumer Goods Industry, with a turnover of 54.227 million shares worth N1.232bn in 2,923 deals.

Trading in the top three equities, namely, United Bank for Africa Plc, Sterling Bank Plc, and Transnational Corporation Plc (measured by volume) accounted for 304.837 million shares worth N1.285bn in 2,103 deals. Contributing 32.39% and 11.18% to the total equity turnover volume and value respectively.

-Punch.

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