stock-investors-lose-n139bn-in-one-week

Investors lost N139bn at the end of trading on the floor of the Nigerian Exchange Limited last week.

The NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 0.53 per cent and 0.50 per cent to close at 51,557.41 and N 27.803tn last week.

All other indices finished lower with the exception of the NGX AFR bank value index which appreciated by 0.38 per cent, while, the NGX ASeM and NGX Sovereign Bond Indices closed flat.

According to the NGX, 31 equities appreciated in price during the week, lower than 34 in the previous week.

Twenty-six equities depreciated in price lower than 29 in the previous week, while 99 equities remained unchanged higher than 93 equities recorded in the previous week.

The NGX weekly market report showed a total turnover of 822.404 million shares worth N10.366bn in 20,643 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.348 billion shares valued at N24.487bn that exchanged hands last week in 22,155 deals.

The financial services industry (measured by volume) led the activity chart with 491.270 million shares valued at N4.499bn traded in 9,961 deals; thus contributing 59.74 per cent and 43.40 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 81.698 million shares worth N218.285m in 605 deals. The third place was the consumer goods industry, with a turnover of 55.052 million shares worth N855.318m in 3,093 deals.

Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Transnational Corporation Plc (measured by volume) accounted for 244.025 million shares worth N2.680bn in 3,732 deals, contributing 29.67 per cent and 25.86 per cent to the total equity turnover volume and value respectively.

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