Four Days of Bearish Trading Result in Investor Losses of N674bn.

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After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.
Due to the Federal Government of Nigeria’s declaration of Friday and Monday (today) as Public Holidays in observance of Easter, the market was open for four trading days last week.

The market capitalization and the All-Share index both declined by 2.28 percent over the week, losing 1238.21 base points and N674 billion, respectively. The Oil and Gas Sector came in third with a turnover of 70.921 million shares worth N1.345 billion in 1,452 transactions.

Trade volume in the top three equities, Transnational Corporation Plc, United Bank for Africa Plc, and Fidelity Bank Plc, totaled 498.527 million shares worth N2.118 billion in 1,862 transactions, representing contributions of 47.32 percent and 21.07 percent, respectively.


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