Connect with us

Business

NSE ROUNDUP: Mixed sentiments as investors lose N168bn

Published

on

NSE delists Alumaco, Vono, 7Up, 19 others for non-compliance

Both positive and negative sentiments defined investors’ attitude to the market this week as gains and losses were recorded in the five trade sessions.

The bourse posted losses on Monday, Tuesday and Thursday while Wednesday’s and Friday’s trades ended in the positive territory.

Week on week, the market shed N167.919 billion.

All the key market performance indicators closed lower. A negative market breadth was recorded this week as 33 losers emerged against 25 gainers. The All Share Index (ASI) and the Market Capitalisation both contracted by 1.41% to 22,599.38 basis points and N11.778 trillion respectively.

Trade Volumeof 1.195 billion shares worth N13.979 billion was recorded in 20,591 deals this week compared to the 1.495 billion shares valued at N12.894 billion posted in 20,982 deals last week.

Read also: FAAC remits N120bn to Excess Revenue Account

On the Activity Chartthe Financial Services sector dominated trade with 965.571 million shares estimated at N7.811 billion traded in 11,710 deals. Specifically, it contributed 80.79% and 55.88% to the total equity volume and value respectively. The Industrial Goods sector came next, trading 54.803 million shares worth N1.509 billion in 2,043 deals. The Conglomerates sector followed, trading 54.114 million shares priced at N111.406 million in 460 deals.

As regards Index Movement, all indices depreciated save for the NSE Insurance, NSE ASeM Index, NSE Meri Growth and NSE Industrial Goods, which gained 1.17%, 3.55%, 0.96% and 0.71% respectively.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now